- cross-posted to:
- economy
- cross-posted to:
- economy
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.
What on Earth are you talking about? Someone posted a thing above that shows Tesla at #3 in profits.That’s pretty big. The dude sucks, and he’s openly tossing money around trying to influence elections, and he is a known liar and fraud. The company is way overvalued. You don’t have to exaggerate and say Tesla fails at selling cars to criticize him.
But Tesla does fail at selling cars. They’re an unprofitable company that sells far fewer cars than their bloated valuation justifies.