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.

  • Snot FlickermanEnglish
    57·
    4 days ago

    I mean, all that proves is that the Stock Market is completely irrational and always has been and using as a metric for whether or not “the economy” is doing good has always been a fucking farce.

    Tesla isn’t the only massively overvalued company in existence at the moment, just the biggest and most obvious example.

    Theranos was valued at around $9 billion before it all came out that it was a scam.

    • baldingpudenda@lemmy.world
      8·
      4 days ago

      Damn, I remember that reddit post about the lab rat being told to falsify evidence or lie. I have a friend who’s in the industry and he was going crazy about it.