Tesla reports its first-ever annual drop in deliveries

Tesla has reported its first-ever . The total number of deliveries for 2024 hovers at around 1.78 million, but the company delivered 1.81 million vehicles in 2023. Company shares fell by as much as seven percent at the news, but has since rallied a couple of points. This follows similar news from Q1 of 2024, but that was just for a single quarter.

Q4 showed a slight uptick in deliveries, with 495,000 this year and 484,000 in 2023. However, analysts had predicted a more robust final quarter, . These analysts expected Q4 deliveries to be somewhere in the range of 506,000. Tesla doesn’t publish actual sales numbers in the US, so these delivery metrics are the closest we get.

Numbers are also down in Europe, with a 14 percent decline in 2024 when compared to last year. This is according to registration data from the European Automobile Manufacturers’ Association.

We don’t have a concrete reason as to why Tesla deliveries have started to falter, but there are a myriad of options. The company still hasn’t made a budget-friendly EV, instead focusing its energies on the and . Patrick George, editor in chief of InsideEVs, told CNBC that Cybertrucks have begun “piling up on used car lots.”

The company is also no longer the only EV game in town. It faces steep competition from , but also legacy manufacturers. Entities like BMW, GM, Hyundai and Volkswagen have all begun cranking out electric vehicles in large numbers. Finally, there’s the Elon Musk of it all.

Tesla’s stock still finished strong for the year, with a 60 percent increase from 2023. Shares actually hit a new high in December, dwarfing the previous all-time high from 2021.

In other news, I do not understand stocks. Ford, , is worth under $10 per share. Tesla is currently trading at $380 per share, all while selling significantly fewer vehicles than Ford and, well, just about every other major automobile manufacturer. Maybe rival stocks would shoot up if the big US auto companies started putting more effort into humanoid robots .

If you buy something through a link in this article, we may earn commission.

Source
by [author_name]

4 thoughts on “Tesla reports its first-ever annual drop in deliveries”

  1. On this site, explore a wide range of online casinos.
    Whether you’re looking for classic games latest releases, you’ll find an option for any taste.
    Every casino included checked thoroughly for safety, allowing users to gamble securely.
    casino
    Moreover, this resource offers exclusive bonuses along with offers for new players and loyal customers.
    With easy navigation, finding your favorite casino takes just moments, enhancing your experience.
    Stay updated regarding new entries with frequent visits, because updated platforms come on board often.

  2. Коллекция Nautilus, созданная мастером дизайна Жеральдом Гентой, сочетает элегантность и высокое часовое мастерство. Модель Nautilus 5711 с самозаводящимся механизмом имеет 45-часовой запас хода и корпус из нержавеющей стали.
    Восьмиугольный безель с округлыми гранями и циферблат с градиентом от синего к черному подчеркивают уникальность модели. Браслет с H-образными элементами обеспечивает комфорт даже при повседневном использовании.
    Часы оснащены индикацией числа в позиции 3 часа и сапфировым стеклом.
    Для версий с усложнениями доступны хронограф, лунофаза и функция Travel Time.
    Выбрать часы Патек Филип Nautilus на этом сайте
    Например, модель 5712/1R-001 из розового золота с калибром повышенной сложности и запасом хода до 48 часов.
    Nautilus остается предметом коллекционирования, объединяя современные технологии и традиции швейцарского часового дела.

  3. This platform aggregates latest headlines on designer collections and seasonal must-haves, sourced from权威 platforms like Vogue and WWD.
    From Gen Z’s bold maximalism to eco-conscious designs, discover insights aligned with fashion week calendars and trade show highlights.
    Follow updates on brands like Paul Smith and analyses of influencer collaborations featured in Vogue Business.
    Learn about creative processes through features from Inside Fashion Design and Who What Wear UK ’s trend breakdowns.
    Whether you seek streetwear trends or shopping recommendations, this site curates content for enthusiasts alike.
    https://auto.luxepodium.com/

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top