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.

  • @nexusband
    1•3 days ago

    Hence Synthetic Fuels made from renewable energy and “steering” the market. Making old cars still able to run, but just changing the fuel and making them at least carbon neutral and maybe even net negative in the long run? There is nothing better for the environment - heck, with all the pollution Lithium production does, one could argue we’re changing one evil for another evil, just on a different scale. It’s like switching the old NiMH battery for a LiFePo. (The scaling doesn’t work that well for the energy densities needed in bigger applications though…)

    • @[email protected]English
      2•3 days ago

      I would love to see consumer hybrid conversion kits or even hydrogen induction tech conversion kits that are fat better than the Jerry rigged ones some youtube content creators rig up with tubing and mason jars. But those in control of the means of production are throwing wrenches into the gears of innovation to maintain their continual growth at the expense of future generations.

      Lifepo batteries are an awesome tech, 15 years ago no one would have imagined them powering impact wrenches that are stronger than traditional pneumatics but here we are. However people are improperly storing them and its leading to house fires not to mention all the cars space karen has produced that have combusted and locked people inside the vehicle while they roast to death unable to open the door manually because the door handles are made out of metal and burn you when you try to open them. Ans the fact thst lithium chemical fires need dozens of times more water to smother in the best of situations. There have been wreched teslas completely submerged in water tanks thst have reignited 2 or 3 times before being completely stifled and rendered safe to dispose of. Its a fucking mess. But they sure do accelerate very well.