NewsEnglish • 4 days ago

Tesla shares slide after it reports first drop in annual deliveries

cross-posted to:
economy

489

Tesla shares slide after it reports first drop in annual deliveries

NewsEnglish • 4 days ago

cross-posted to:
economy

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.

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@NotMyOldRedditName
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1•2 days ago
Sounds like fun. There’s going to be that 1 grad student who is like, but how close of approximation is it really and can we use other knowledge to fine tune it… I’m going to launch a cow with a trebuchet and get some better answers.

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