Tesla reports first-ever drop in annual deliveries
www.cnbc.com
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.

  • Euphorazine@lemmy.world
    61·
    3 days ago

    The robo taxi isn’t until 2026 if you make the assumption it’s on time and is autonomous.

    Tesla has said Full Self Driving is coming next year for like 9 straight years in a row, and the only thing that came out of that was “obviously FSD is a marketing term, only an idiot would have bought FSD and thought they get an autonomous vehicle”

    Space X pushed the hyper loop when California pitched their idea of building high speed rail throughout the state, and once they gave space X a grant and cancelled their plans, he dropped the project.

    Tesla’s value comes from vibes and the potential of what some vaporware technology could be worth if they could actually build it.

    I mean honestly, if Tesla could build an autonomous vehicle that could pay for itself in 1 year from taxi fares, why would they sell that to the public? They’d make way more keeping it to themselves or maybe franchising it out. A complete monopoly on the autonomous taxi industry sold for $45,000? Yeah, right.