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.
If you have a 401k, IRA, company pension, or any other type of traditional retirement accounts, you likely have some Tesla at least indirectly, and while you might not have direct voting rights, you would at a minimum have ownership of funds that have ownership of Tesla.
I got to vote against Elon’s insane bonus package. It passed, but felt good to vote.
Who do you think is in charge of buying shares for those? Sociopaths.