For the first time ever,Korea Archives Tesla has reported a decline in deliveries, causing stock prices to dip.
The EV company shared its Q4 production and delivery report on Thursday, giving us a full picture of its overall deliveries for the past year. Tesla delivered 1.79 million vehicles in 2024, compared to 1.81 million vehicles in 2023. After the report was published, stock prices dipped 7 percent before gaining back a few points, but not rising to the company's previous price per share.
SEE ALSO: Apple, Tesla, Spotify: The tech announcements that never happened in 2024According to CNBC, analysts expected Tesla deliveries to increase to over 500,000 in Q4. However, the company didn't meet industry expectations and delivered only 495,570 vehicles. The reason is unclear, but after being the major EV manufacturer for several years, others have started catching up, so Tesla faces more competition. There's Rivian, but General Motors, Ford, BMW, and Volkswagen have also begun mass-producing EVs.
Additionally, Tesla has yet to make a more economical EV and instead has been focusing on selling its pricey Cybertruck, which was plagued with six recalls in 2024. Plus, Tesla might have too many Cybertrucks in its inventory, indicating a demand problem, and the EV trucks are piling up in used car lots, according to InsideEVs.
In the second half of 2024, Tesla CEO Elon Musk very publicly shifted his focus to helping Donald Trump get elected. Musk donated $277 million to Trump's campaign efforts and spent several weeks on the campaign trail. Although Musk's distractions from Tesla might have impacted the company's stock health, analyst Sam Fiorani told CNBC that that won't be reflected until this year's first quarter earnings report.
Topics Electric Vehicles Tesla
A worthless juicer and a Gipper-branded server
Amazon's 'Lord of the Rings' has a release date and a first look
Have an ancient Android phone? You won't be able to sign into Google after September 27.
Someone actually said 'Gucci Gang' a million times for charity because this is 2018
The Baffler’s May Day Round Up
Bumble offers rare trauma support to survivors of sexual assault
HBO Max's Woodstock '99 doc traces back the roots of white, male rage
Chris Christie is the first elected NJ governor in decades to avoid breaking his leg
Fyre Festival and Trump’s Language
Family shares hilarious Photoshop fail from a photographer they hired
Apple is actively looking at AI search for Safari
Blame Hawaii's apocalypse fake
'This place is a shithole' projection appears on Donald Trump's D.C. hotel
Twitter issues cash bounty for undoing 'racist' photo cropping
How to Settle Down with Dystopia
Senator reaches for nonexistent glasses and takes them off anyway
Matt Damon talks with 'Today' about speaking out about sexual misconduct
Xiaomi to launch Mi Mix 4 one day before Samsung event
Dyson V8 Plus cordless vacuum: $120 off at Amazon
Apple AirTags secretly used to show city contractor up to no good
'Avengers: Infinity War' memes are here because we're all just trying to copePeople are sharing selfies from 2012 and now, because the glow up is too realYour guide to filling out your lastBali to shut down internet on smartphones for annual Day of SilenceScientists expose coral reefs to acidic water and see impaired growthApple holding event for "teachers and students" in Chicago this MarchElizabeth Holmes, 'the next Steve Jobs,' charged with 'massive fraud'Leaked documents reveal how Amazon Prime Originals are making moneyLeaked documents reveal how Amazon Prime Originals are making money5 Stephen Hawking clips that'll make you just a little bit smarter'Steve' is a new kind of aurora, discovered by citizen scientistsNASA's planetStephen Hawking: Both brilliant scientist and pop culture juggernautChinese reporter's viral eye roll gets censored on social mediaElon Musk hires Onion writersAmazon Prime subscribers can now get free gamesProfessor tells the story about that time she nearly killed Stephen HawkingWhy is Hawkeye missing from the 'Avengers: Infinity War' marketing?Apple 'Families' website provides informative iOS tips for parentsGoogle Maps launches a 'wheelchair accessible' option for 6 cities 'Interview with the Vampire' reboot is a brilliant gay fever dream Overshadowed by 'Double Tap': 5 underrated Apple Watch Series 9 features We’re Starting a Book Club. Read Along! Northwestern vs Duke livestream: How to watch live, kickoff time Mark Twain’s Advice for Curing a Cold The 7 best TikTok recipes of 2021 Neil Diamond, Longfellow, and Ridicule TikTok and Billboard now have their own music chart New Lovers: A Publisher’s Quest to Redefine Erotica Karl Ove Knausgaard and Television in America Where Does “In Like a Lion, Out Like a Lamb” Originate? Adele's 'Water Under the Bridge' is a reluctant TikTok trend TikTok's breakout stars of the year include Olivia Rodrigo and Taylor Swift. Stay put while exploring the White House holiday decorations on Google Maps Staff Picks: Silvina Ocampo, Gary Shteyngart, Brian Turner Google commits to 10 years of Chromebook updates to extend device lifespan Why “Junket Is Nice” Is One of the Weirdest Children’s Books Leave Your Comfort Zone with Joseph Mitchell & Jonny Greenwood 'Quordle' today: See each 'Quordle' answer and hints for September 17, 2023 Apply to Be The Paris Review‘s Next Writer
2.5876s , 8198.0234375 kb
Copyright © 2025 Powered by 【Korea Archives】,Exquisite Information Network