Tesla reported its first decline in annual deliveries on Thursday, as the automaker handed over fewer-than-expected electric vehicles in the fourth quarter and incentives failed to boost demand for its aging line-up of models.Shares of the company fell more than 5%, indicating investor worries over the challenges facing CEO Elon Musk, who expected promotions including zero-interest financing to power a “slight growth” in deliveries in 2024.https://nypost.com/2025/01/02/business/tesla-shares-sink-as-annual-car-deliveries-fall-for-first-time/
Reduced European subsidies, a shift in the US toward lower-priced hybrid vehicles and tougher competition especially from China’s BYD have pressured Tesla.In response, Musk pivoted Tesla to self-driving taxis and backed President-elect Donald Trump with millions of dollars in campaign donations in hopes that it could bring regulatory relief for the company.Tesla handed over 495,570 vehicles in the three months to Dec. 31, missing estimates of 503,269 units, according to 15 analysts polled by LSEG. It produced 459,445 vehicles in the period, down about 7% from a year ago.Deliveries for 2024 totaled 1.79 million, 1.1% lower than a year ago and below estimates of 1.806 million units, according to 19 analysts polled by LSEG.
That was ahead of rival BYD, which reported a 12.1% rise in sales of sales of battery-electric vehicles to 1.76 million in 2023 thanks to competitive prices and a stronger push into Asian and European markets.With self-driving technology still years away, analysts have said Tesla would have to rely on cheaper versions of current cars and the Cybertruck to achieve Musk’s target of 20% to 30% sales growth in 2025.The truck, known for its futuristic design, has been showing signs of demand weakness, analysts have said.Tesla has yet to break out deliveries for the Cybertruck. The company said on Thursday it handed over 471,930 Model 3 and Model Y vehicles and 23,640 units of other models, including the Model S sedan, Cybertruck and Model X premium SUV.“Tesla will continue to lean on the planned launch of a new low cost model in 1H25 to stoke confidence on the opportunity for 2025 deliveries to grow year-over-year,” said David Wagner, portfolio manager at Tesla shareholder Aptus Capital Advisors.
Trump betTesla shares are coming off a strong 2024, in which they rose more than 60% thanks to Trump’s election victory.Musk has said he plans to leverage his promised role as a government-efficiency czar under the Trump administration to advocate for a federal approval process for autonomous vehicles to replace the current state-specific laws, which he described as “incredibly painful” to navigate.Tesla’s Autopilot and “Full Self-Driving” technologies, which are not yet fully autonomous, have been the subject of scrutiny due to lawsuits, US traffic safety regulator probe and a Department of Justice criminal investigation.The key concern is whether Tesla may have overstated the self-driving abilities of its vehicles.Tesla is also under pressure from legacy automakers. Its October registrations in Europe fell by 24%, owing to a tight race from Volkswagen Group, whose Skoda Enyaq SUV dethroned the Model Y as the best-selling EV in the region, according to data research firm JATO Dynamics.Lower prices and incentives pinched Tesla’s profit margin on vehicle sales last year. Wall Street, however, expects demand to pick up in 2025 as the Federal Reserve cuts interest rates.
Mumbai Musk just lost 20 billion.
Reap What You Sow
>>1372069>Decide to focus on metal dumpster deathtraps with wheels instead of actually reliable cars>Overpromise and underdeliver for almost 10 years in a row>CEO is openly known as a cringe manchildI'm shocked, shocked I say, that people don't wanna buy teslas anymore.
>>1372079Exactly :)
>>1372079Drive a Testy tesla is dancin' the Electric coffin boogaloo
The mental gymnastics the Democrats and Republicans have pulled over the past 2 years in regards to Tesla is comical. It's an actual example of what the Democrats have been trying to convince the public happened in the 60s with regard to racism.
>>1372091Think of the planet.....strip mined for rare earths
>>1372116Captain Planet?
>>1372069its up 8% today after all people can talk about is how sturdy and well made the truck that got used in the explosion is.
>>1372357post five (5) examples
>>1372358wrong post? just look up TSLA on the nasdaq
>>1372360>all people can talk about is how sturdy and well made the truck that got used in the explosion is.post five (5) examples
>>1372364Hey, add post 5 examples that aren't from Musk or a direct Musk affiliate.
>>1372364I'd also like 5 examples of you not being a bot.
>>1372365>>1372367I knew you couldn't do it.
>>1372368https://www.reddit.com/r/RealTesla/comments/1hsavw4/tesla_fans_say_cybertruck_muffled_vegas_blast_not/I'm not going to sift through every video for you since you aren't paying me but you can just look at the thread instead.you're welcome. CNN agreed with it so its true anon you wouldn't be a racist communist bigot and disagree with the press now would you.
>>1372368cnn and fox news have both praised the truck for being so sturdy it withstood the blast.
>>1372369>Tesla fans say Cybertruck muffled Vegas blast. Not so fast, experts say.lel>>1372371Well that covers the 80+ year old audience.
>>1372374and reddit which is the most important audience of all.
>>1372069been kicking myself since October for not going all in, that earnings report was a surprise to me.
>>1372069>Tesla shares sink>TSLA >24hr: +8.22%>1mo: +11%>1yr: +72%They're doing just fine
