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.
Bear in mind - Tesla is massively overvalued.
I think Tesla is fairly valued.
Yep, no problems here whatsoever.
So the graphic shows the overvalued stock as proof of it being fairly valued?
My guess is there’s an invisible /s there
It takes a lot of guts to omit the /s these days. You can never be quite sure who’s funny and who’s just an idiot.
Nissan conspicuously absent
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Nissan and Renault have 15% cross-ownership each. Both are separate entities with separate market caps. The total displayed for Renault does not reflect the total for Nissan.
They must have thrown it into “other” along with Mitsubishi which is also in merger talks with Honda.
Truly Elon is a Savant of our time to build such an incredibly successful company while failing to even capture an appreciable proportion of actual sales. Real “voice of a generation” level shit.
Now do one that counts vehicles delivered.
Shocked Ferrari is worth more than Volkswagen. I wonder how much of that is F1-related.
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.
Damn, I remember that reddit post about the lab rat being told to falsify evidence or lie. I have a friend who’s in the industry and he was going crazy about it.
It took some work, but I got them out of my 401k. So many funds have TSLA stock.