this post was submitted on 02 Jan 2025
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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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[–] xmunk@sh.itjust.works 9 points 1 year ago (1 children)

Truly Elon is a Savant of our time to build such an incredibly successful company while failing to even capture an appreciable proportion of actual sales. Real "voice of a generation" level shit.

[–] psivchaz@reddthat.com -1 points 1 year ago (1 children)

What on Earth are you talking about? Someone posted a thing above that shows Tesla at #3 in profits.That's pretty big. The dude sucks, and he's openly tossing money around trying to influence elections, and he is a known liar and fraud. The company is way overvalued. You don't have to exaggerate and say Tesla fails at selling cars to criticize him.

[–] xmunk@sh.itjust.works 3 points 1 year ago

But Tesla does fail at selling cars. They're an unprofitable company that sells far fewer cars than their bloated valuation justifies.