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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[–] hovercat@lemmy.blahaj.zone 1 points 1 year ago

The Model 3 released in late 2017, while the "Pedo guy" thing happened in late 2018, and the "420 funding secured" fraud was before the Model 3 even officially entered production. The "FSD in 6 weeks maybe" BS had been going on from the earliest Model S days, and I can give a very comprehensive list of all the massive red flags that'd been waving from when the first Roadster rolled off the line.

I can give a pass to anything earlier than the Model 3, just because it wasn't reported on nearly as much and I don't expect people to follow industry news to the same degree I do, but it was still definitely there for people to see if they wanted to. However, Elon has literally always been a massive piece of shit from day 1, and it's only gone downhill from there and especially after the Model 3 was starting production. Anyone trying to convince themselves they bought their car before that was "obvious" is coping hard.