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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Teala isn't releasing 2 lower cost autonomous vehicles in 2025.
They are releasing 2 lower cost vehicles.
The robo taxi isn't until 2026 if you make the assumption it's on time and is autonomous.
Saying teala is releasing 2 autonomous vehicles in 2025 is like saying teala sold 1.79 million autonomous vehicles this year.
The robo taxi isn't until 2026 if you make the assumption it's on time and is autonomous.
This reminds me of my old physics assignments:
"Assuming a perfectly spherical cow...."
I want to hear more about this perfectly spherical cow question.
This is a joke ntended to illustrate the sometimes absurd oversimplification that has to be made to do certain calculations. An apple falls out of a tree from 20 feet off the ground, how long does it take to hit the ground. Well, what is the drag coefficient? Assume it's a sphere. OK, what about the texture, the air temp, wind, is the ground level and flat, etc etc. And as the problems increase in complexity the number of variables increases exponentially. So your professor might tell you to "Assume it is a spherical cow of uniform density“.
Often these estimates are actually quite good and trying to account for all variables isn't needed.
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.
Anyone who gets into one of those robo taxis is asking for death.
Any sane government won't let them on the road until that is decidedly not the case.
Asking for a sane government is a big ask nowadays it seems though.
Hey now the DMV could ban them here in California and then ignore any attempt by the feds to override that, supremacy clause only exists when you have the budget to enforce it after all.
I know this is completely unrelated... but it just made me think of a Robotaxi arriving from Nevada, and the LAPD go in pursuit since they're illegal in California, then the LAPD decide to do a pit maneuver on it because it doesn't stop and it kills 2 pedestrians on the street as a result.
Pit maneuver? Isn't just enough to throw a orange cone on the hood?
The LAPD don't hire the brightest bunch.
Thats super unrealistic since LAPD would never do that, San Bernardino Sheriff's Department would total the thing out by Primm or CHP would impound it.
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.
I'm just trying to correct the article dude. It was blatantly wrong, sloppy writing.