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.

  • peoplebeproblemsEnglish
    4·
    4 days ago

    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.