Tesla's fourth-quarter deliveries report follows a huge late-year rally in the stock that lifted its gain for 2024 to 63%.

Summary

Tesla reported its first annual decline in deliveries, with 1.79 million vehicles delivered in 2024 compared to 1.81 million in 2023.

Fourth-quarter deliveries (495,570) fell short of analyst estimates, causing Tesla shares to drop 7%.

Challenges included rising competition in Europe and China, declining sales despite price cuts, and growing inventory of Cybertrucks.

Analysts cited CEO Elon Musk’s political involvement as a potential distraction.

While Tesla plans to release lower-cost autonomous vehicles in 2025, its lack of affordable EVs and intensified competition have strained its market dominance.

  • Pumpkin EscobarEnglish
    12•4 days ago

    Seriously, I’d love to see this chart, earnings chart and PE ratio chart to really see the whole picture

    • @NotMyOldRedditName
      16•4 days ago

      I don’t have a chart for you but

      2023 net profit

      Toyota - 31.82b

      VW AG- 17.331B

      Tesla - 14.999b

      BMW - 12.165B

      GM - 10.1b

      Ford - 4.347B

      BYD - 4.16B

      Edit: Just to preempt this, yes Tesla is suffering a lot more this year with the EV price wars, for the first 3 quarters, they’re at 4.78b this year, whereas GM for example is at 8.97B. GM doesn’t make a lot of profits (if any) on their EVs, but they still have ICE vehicles to fall back on whereas Tesla doesn’t.