Tesla shares slide after it reports first drop in annual deliveries
Tesla shares slide after it reports first drop in annual deliveries
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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I shake my head at Tesla drivers and throw a hand job gesture to every wankpanzer I see. There isn't enough public shaming of fascists and their enablers.
Yesterday, my wife saw a cybertruck for the first time. She went "wtf. Is that fugly thing a cybertruck?" I guess the pictures didn't do it justice.
I thought it was maybe a hard vehicle to photograph... Surely it can't be that bad, right? Then I saw one in person and realized the photos made it look good by comparison. ..
When it's moving, it's worse. I laugh my ass off.
You can see the misaligned panels from half a block away
It looks like a mobile dumpster.
Dumpsters are really good at what they do. This thing could get away with being ugly if it was ugly by necessity
They really don't. They look like they were drawn by a 7 year old.
My 7 year old thinks they're absolutely great. His reasoning: "because that's exactly how I would design it!" He proceeded to draw a cybertruck indistinguishable from the thing you see in real life. I was horrified, because it proved to me everything I needed to know about the vehicles design.
Elon Musk drew it himself, and told the engineers exactly how to make it. And because he lacks any apparent skill, his drawing ended up looking exactly like a 7-year olds imaginary truck.
Yeah I mentally expected compact car size because they kind of look like those angular shitboxes from the 90s. I think they were geos? But they're like twice as big and four times as shitty.
It is really the dumbest vehicle made in quite some time.
A lot of people bought these cars before it was obvious who Elon was.
Yes. Exceptions are the new model 3s and wankpanzers. All of these people knew.
I actually like Tesla. I just hate Elon more. We came close to buying a Tesla once or twice, but now it's totally off the table.
I liked Tesla years and years ago too. No more.
