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.

  • @[email protected]
    15•4 days ago

    Thank you for explaining it so well. I thought that was what it was, but it seems insane to be valued that much higher to investors. Turns out, it probably is insane.

    • idunnololz
      10•4 days ago

      And remember if you want to try to cash in on this information “Markets can remain irrational longer than you can remain solvent”