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[email protected]English • 4 days ago

Tesla shares slide after it reports first drop in annual deliveries

cross-posted to:
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493

Tesla shares slide after it reports first drop in annual deliveries

@[email protected] to

[email protected]English • 4 days ago

cross-posted to:
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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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@obviouspornalt
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1•3 days ago
All of that, plus an additional bit of irrationally, since SpaceX is private, some investors are in Tesla with the idea that some future corporate action will cause Tesla shares to eventually include SpaceX ownership as well.

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