this post was submitted on 02 Jan 2025
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News

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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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[–] ATDA@lemmy.world 1 points 7 hours ago

Yeah if the parking lot full of cyberderps I drove past doay says anything the post preorder sales may be slouching.

[–] skozzii@lemmy.ca 13 points 1 day ago (1 children)

I'm amazed there is still 1.79 people who don't follow the news or how much of a toddler Musk is.

Nobody wants to invest in anything he touches anymore,and he has shown he will just disable software in vehicles if he feels like it. Wonder how long until he starts targeting his opponents with his vehicles, he's already doing it with his other platforms.

[–] Redfugee@lemmy.world 2 points 1 day ago

I don't get it but it is wrong to say nobody wants to invest in his stuff, look at the stock, it has already bounced back.

[–] xmunk@sh.itjust.works 183 points 2 days ago (4 children)

Bear in mind - Tesla is massively overvalued.

[–] Pulsar@lemmy.world 132 points 2 days ago (23 children)

I think Tesla is fairly valued.

[–] Sir_Kevin@lemmy.dbzer0.com 76 points 2 days ago (11 children)

Holy hell that really puts things in perspective 😮

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[–] Voroxpete@sh.itjust.works 25 points 2 days ago

Yep, no problems here whatsoever.

[–] nova_ad_vitum@lemmy.ca 16 points 2 days ago (2 children)

You need another of these to go with it that shows these companies in terms of revenue.

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[–] SnotFlickerman@lemmy.blahaj.zone 56 points 2 days ago* (last edited 2 days ago) (1 children)

I mean, all that proves is that the Stock Market is completely irrational and always has been and using as a metric for whether or not "the economy" is doing good has always been a fucking farce.

Tesla isn't the only massively overvalued company in existence at the moment, just the biggest and most obvious example.

Theranos was valued at around $9 billion before it all came out that it was a scam.

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[–] Blackmist@feddit.uk 17 points 1 day ago

Line went down! Abandon ship!

[–] demizerone@lemmy.world 56 points 2 days ago

I bought into the shit he was marketing back in 2019. I got a Model 3 and a single share of Tesla stock, and realized pretty quickly after a year of FSD not improving that Elon was full of shit. Some time later that one share turned into three because tesla did a stock split so elon could buy twitter, then sometime after shareholders approved a 50 billion pay package (not me).

So when he bought the republican party and the stock shot up, I got out. Didn't make any money, but fuck that guy. I cannot stand this Mfer or his shitty companies.

[–] MetalMachine@feddit.nl 19 points 1 day ago (6 children)

Can't fathom buying one when you can't do any repairs on your own.

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[–] blattrules@lemmy.world 62 points 2 days ago (4 children)

Is musk going to tweet something about a new, futuristic project that Tesla has coming up that he’s just ripping off from an 80s sci-fi movie again so the stock price bumps back up?

[–] tempest@lemmy.ca 35 points 2 days ago

Tesla's stock price has been firmly disconnected from reality for a while now so probably

[–] sem@lemmy.blahaj.zone 16 points 2 days ago

I think cars bore him now that he can play statesman

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[–] ByteOnBikes@slrpnk.net 80 points 2 days ago (7 children)
  • Piss off liberals who are pro-environment.
  • Align himself to MAGA who loves their gas guzzlers

[–] Doomsider@lemmy.world 1 points 1 day ago

You see that is not his goal. It is to capture everyone. He already had and still has a lot of liberals. How do you grow your base then? Obviously appeal to the other side.

It is not an either or thing for him, he wants to fool everyone. You see this behavior in a lot of attention seeking pick me bitches.

[–] Euphorazine@lemmy.world 3 points 1 day ago

MAGA also like cutting spending and Space X relies on billions of tax funding. So buy yourself a president and run fake department that aims at cutting spending so you can be at the table to not cut space X. Maybe let space X "absorb" NASA

[–] FlyingSquid@lemmy.world 21 points 2 days ago (3 children)

They may not love their gas guzzlers after a year of super high gas prices.

[–] MelodiousFunk@slrpnk.net 39 points 2 days ago

Can't wait for the "I did that!" stickers.

[–] Gerudo@lemm.ee 20 points 2 days ago (6 children)

No, they absolutely still do. They just bitch about it more and blame the president.

When gas hit over $4 a gallon here in Texas, it barely moved the needle on sales of smaller vehicles. Those that did change vehicles went right back to that Ford F950 the second it came back down. Like, no one learned their lesson.

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[–] tired_n_bored@lemmy.world 1 points 1 day ago

Hoped for a loss of more than 20,000 tbh

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[–] SnotFlickerman@lemmy.blahaj.zone 52 points 2 days ago (1 children)

Deliveries are the closest approximation of sales reported by Tesla but are not precisely defined in the company’s shareholder communications.

You know, I'm really tired of our country just letting this guy make up whatever fucking metrics he wants, and then we run everything on those fucking wrong-ass metrics. He did the same thing with Twitter and "impressions." It's all about lying through your teeth about what's really happening and using metrics and statistics to confuse people.

A delivery isn't the same as a sale, not even close. For instance, they also deliver vehicles after repair.

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[–] NotMyOldRedditName@lemmy.world 22 points 2 days ago (9 children)

Teala isn't releasing 2 lower cost autonomous vehicles in 2025.

They are releasing 2 lower cost vehicles.

The robo taxi isn't until 2026 if you make the assumption it's on time and is autonomous.

Saying teala is releasing 2 autonomous vehicles in 2025 is like saying teala sold 1.79 million autonomous vehicles this year.

[–] Euphorazine@lemmy.world 5 points 1 day ago* (last edited 1 day ago) (1 children)

The robo taxi isn't until 2026 if you make the assumption it's on time and is autonomous.

Tesla has said Full Self Driving is coming next year for like 9 straight years in a row, and the only thing that came out of that was "obviously FSD is a marketing term, only an idiot would have bought FSD and thought they get an autonomous vehicle"

Space X pushed the hyper loop when California pitched their idea of building high speed rail throughout the state, and once they gave space X a grant and cancelled their plans, he dropped the project.

Tesla's value comes from vibes and the potential of what some vaporware technology could be worth if they could actually build it.

I mean honestly, if Tesla could build an autonomous vehicle that could pay for itself in 1 year from taxi fares, why would they sell that to the public? They'd make way more keeping it to themselves or maybe franchising it out. A complete monopoly on the autonomous taxi industry sold for $45,000? Yeah, right.

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[–] Railcar8095@lemm.ee 15 points 2 days ago (3 children)

The robo taxi isn't until 2026 if you make the assumption it's on time and is autonomous.

This reminds me of my old physics assignments:

"Assuming a perfectly spherical cow...."

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[–] apfelwoiSchoppen@lemmy.world 18 points 2 days ago (15 children)

I shake my head at Tesla drivers and throw a hand job gesture to every wankpanzer I see. There isn't enough public shaming of fascists and their enablers.

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[–] proper@lemmy.world 17 points 2 days ago (4 children)

what sort of scumbag could own tesla stock, or even buy a tesla in the last year or more, and still sleep at night?

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