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.
I bought into the shit he was marketing back in 2019. I got a Model 3 and a single share of Tesla stock, and realized pretty quickly after a year of FSD not improving that Elon was full of shit. Some time later that one share turned into three because tesla did a stock split so elon could buy twitter, then sometime after shareholders approved a 50 billion pay package (not me).
So when he bought the republican party and the stock shot up, I got out. Didn't make any money, but fuck that guy. I cannot stand this Mfer or his shitty companies.
Deliveries are the closest approximation of sales reported by Tesla but are not precisely defined in the company’s shareholder communications.
You know, I'm really tired of our country just letting this guy make up whatever fucking metrics he wants, and then we run everything on those fucking wrong-ass metrics. He did the same thing with Twitter and "impressions." It's all about lying through your teeth about what's really happening and using metrics and statistics to confuse people.
A delivery isn't the same as a sale, not even close. For instance, they also deliver vehicles after repair.
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.
Line went down! Abandon ship!
On December 24 Tesla's shares went up by 7%. On December 17 they went down by 8%. Movement like this happens all the time, will we get headlines for each one? Overall, Tesla's stock price is still up 50% over the past year. I wouldn't consider this to be all that significant a drop yet. Let's see what happens with their upcoming product releases.
I'm amazed there is still 1.79 people who don't follow the news or how much of a toddler Musk is.
Nobody wants to invest in anything he touches anymore,and he has shown he will just disable software in vehicles if he feels like it. Wonder how long until he starts targeting his opponents with his vehicles, he's already doing it with his other platforms.
Good
You'd think the tariffs would be a big booster for them. BYD cars would kill them, but so would BYD batteries used by other automakers.
Autonomous!!! Muahahaha
Yeah if the parking lot full of cyberderps I drove past doay says anything the post preorder sales may be slouching.
$tslaq
