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.
Yesterday, my wife saw a cybertruck for the first time. She went “wtf. Is that fugly thing a cybertruck?” I guess the pictures didn’t do it justice.
I thought it was maybe a hard vehicle to photograph… Surely it can’t be that bad, right? Then I saw one in person and realized the photos made it look good by comparison. …
When it’s moving, it’s worse. I laugh my ass off.
You can see the misaligned panels from half a block away
It looks like a mobile dumpster.
Dumpsters are really good at what they do. This thing could get away with being ugly if it was ugly by necessity
It is really the dumbest vehicle made in quite some time.