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.

  • JWBananasEnglish
    9•3 days ago

    Nissan conspicuously absent

      • JWBananasEnglish
        2•3 days ago

        Nissan and Renault have 15% cross-ownership each. Both are separate entities with separate market caps. The total displayed for Renault does not reflect the total for Nissan.

        They must have thrown it into “other” along with Mitsubishi which is also in merger talks with Honda.