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.

  • @[email protected]
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    626 months ago

    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?

  • @[email protected]
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    226 months ago

    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.

      • @[email protected]
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        166 months ago

        Any sane government won’t let them on the road until that is decidedly not the case.

        Asking for a sane government is a big ask nowadays it seems though.

        • @[email protected]
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          56 months ago

          Hey now the DMV could ban them here in California and then ignore any attempt by the feds to override that, supremacy clause only exists when you have the budget to enforce it after all.

          • @[email protected]
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            46 months ago

            I know this is completely unrelated… but it just made me think of a Robotaxi arriving from Nevada, and the LAPD go in pursuit since they’re illegal in California, then the LAPD decide to do a pit maneuver on it because it doesn’t stop and it kills 2 pedestrians on the street as a result.

    • @[email protected]
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      6 months ago

      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.

    • @[email protected]
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      156 months ago

      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…”

        • @[email protected]
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          36 months ago

          This is a joke ntended to illustrate the sometimes absurd oversimplification that has to be made to do certain calculations. An apple falls out of a tree from 20 feet off the ground, how long does it take to hit the ground. Well, what is the drag coefficient? Assume it’s a sphere. OK, what about the texture, the air temp, wind, is the ground level and flat, etc etc. And as the problems increase in complexity the number of variables increases exponentially. So your professor might tell you to "Assume it is a spherical cow of uniform density“.

          Often these estimates are actually quite good and trying to account for all variables isn’t needed.

          • @[email protected]
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            16 months ago

            Sounds like fun. There’s going to be that 1 grad student who is like, but how close of approximation is it really and can we use other knowledge to fine tune it… I’m going to launch a cow with a trebuchet and get some better answers.

  • FaceDeer
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    146 months ago

    On December 24 Tesla’s shares went up by 7%. On December 17 they went down by 8%. Movement like this happens all the time, will we get headlines for each one? Overall, Tesla’s stock price is still up 50% over the past year. I wouldn’t consider this to be all that significant a drop yet. Let’s see what happens with their upcoming product releases.

  • @[email protected]
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    16 months ago

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

  • ✺roguetrick✺
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    56 months ago

    You’d think the tariffs would be a big booster for them. BYD cars would kill them, but so would BYD batteries used by other automakers.

  • @[email protected]
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    146 months ago

    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.

    • @[email protected]
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      26 months 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.

  • @[email protected]
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    226 months ago

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

      • @[email protected]
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        116 months ago

        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.

  • @[email protected]
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    566 months 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.

  • @[email protected]
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    826 months ago
    • Piss off liberals who are pro-environment.
    • Align himself to MAGA who loves their gas guzzlers

    • @[email protected]
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      36 months 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

    • @[email protected]
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      76 months ago

      And then he called American tech workers removed. Insulting your customer base is an interesting choice.

    • @[email protected]
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      16 months 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.

    • Flying Squid
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      236 months ago

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

      • @[email protected]
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        206 months ago

        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.

  • Snot Flickerman
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    546 months ago

    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.

  • @[email protected]
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    216 months ago

    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.

    • @[email protected]
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      106 months ago

      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.

      • @[email protected]
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        76 months ago

        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. …

      • @[email protected]
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        46 months ago

        Yeah I mentally expected compact car size because they kind of look like those angular shitboxes from the 90s. I think they were geos? But they’re like twice as big and four times as shitty.

      • @[email protected]
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        46 months ago

        They really don’t. They look like they were drawn by a 7 year old.

        My 7 year old thinks they’re absolutely great. His reasoning: “because that’s exactly how I would design it!” He proceeded to draw a cybertruck indistinguishable from the thing you see in real life. I was horrified, because it proved to me everything I needed to know about the vehicles design.

        Elon Musk drew it himself, and told the engineers exactly how to make it. And because he lacks any apparent skill, his drawing ended up looking exactly like a 7-year olds imaginary truck.

    • @[email protected]
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      36 months ago

      I actually like Tesla. I just hate Elon more. We came close to buying a Tesla once or twice, but now it’s totally off the table.

      • @[email protected]
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        16 months ago

        The Model 3 released in late 2017, while the “Pedo guy” thing happened in late 2018, and the “420 funding secured” fraud was before the Model 3 even officially entered production. The “FSD in 6 weeks maybe” BS had been going on from the earliest Model S days, and I can give a very comprehensive list of all the massive red flags that’d been waving from when the first Roadster rolled off the line.

        I can give a pass to anything earlier than the Model 3, just because it wasn’t reported on nearly as much and I don’t expect people to follow industry news to the same degree I do, but it was still definitely there for people to see if they wanted to. However, Elon has literally always been a massive piece of shit from day 1, and it’s only gone downhill from there and especially after the Model 3 was starting production. Anyone trying to convince themselves they bought their car before that was “obvious” is coping hard.

    • @[email protected]
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      176 months ago

      The day that bubble bursts will be hilarious. I’ll probably grab popcorn and livestream Twitter for Musky’s meltdown

      • Doom
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        16 months ago

        That’s … the stock being overvalued lol

      • Optional
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        166 months ago

        So the graphic shows the overvalued stock as proof of it being fairly valued?

        • @[email protected]
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          16 months ago

          Not at all. The billionaire oligarchs are in on the plan. They’re using Tesla to get even more rich. They’ll pull out/short just before something happens to cause Tesla to lose all it’s value.

          • @[email protected]
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            46 months ago

            It’s more like a variant game of chicken. The longer everyone stays in the higher the value goes, but once people start bailing you better hope you sold enough for it to be worthwhile. The big investors set the game but they’re also the most constrained because if they pull out entirely or quickly they can pop the bubble and they may not be able to sell their shares fast enough to get all their money before shares plummet.

          • Optional
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            26 months ago

            Technically that thing has already happened. Or, is still happening I guess.

        • @[email protected]
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          6 months ago

          Could you explain it to me? (no sarcasm) It seems to be saying that the stock prices are way out of balance to what it’s worth. Are there regulations around that?

          Edit: I’m talking about the Market Cap part. I don’t understand how the value can be that high compared to all of the other companies, especially China.

          • @[email protected]
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            6 months ago

            Tesla makes a lot more profit per car sold than the other OEMs, and part of the stock price assumed continued growth which would mean even more record profits.

            In 2023, Tesla made more net profit than Ford and GM combined on their 1.8m vehicles compared to their 10.6m. Tesla also had really strong growth until this year, and extrapolating the growth and the profits they make led to a higher price. (edit: and in 2022 GM/Ford combined were just slightly above Tesla)

            Tesla also has their energy division which is growing rapidly and has better margins than the cars (>100% YoY growth in 2024 and potentially > 100% in 2025)

            Nowadays though, it’s more on the future potential of FSD/Robotics which is a huge wildcard.

            People don’t see Ford or GM or Toyota massively expanding so they don’t get a higher P/E ratio. In actuality, they’ve got years of suffering ahead of them during the transition.

            Then you have companies like Nissan failing being one of the first domino’s in the EV transition, and VW getting destroyed in China causing massive layoffs (25%) and a planned 700k vehicle reduction in 2025.

            I’m not saying they deserve the price they have today, but it’s more than just cars sold to get to a number, it’s looking at future potential.

          • @[email protected]
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            36 months ago

            The entire circle represents total value for all car makers. Area taken up is their ratio of the total. It’s geographically colour coded.

          • @[email protected]
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            626 months ago

            Market capitalization is just simple math, multiplying a company’s stock price by the number of shares that have been issued. Tesla has issued roughly 3.2 billion shares and is currently trading at around $550, which makes their current market cap about $1.75 trillion dollars.

            I don’t understand how the value can be that high compared to all of the other companies, especially China.

            On its face it seems utterly nonsensical that Tesla is worth as much as all other auto makers combined, when Tesla only accounts for something like 5% of total US car sales. There are two reasons I can think of why this is currently so:

            • Tesla accounts for roughly half of all US electric vehicle sales, and electric vehicle sales are roughly 10% of all US vehicle sales. If electric vehicles largely replace ICE vehicles and if Tesla maintains that share of EV sales, then Tesla will be an extremely valuable company. Investors might be betting on a) electric vehicles and b) Tesla continuing to the win the lion’s share of electric vehicle sales.
            • Tesla investors are irrational. Personally, my money is on this one. I think long-term Tesla is going to get crushed by cheaper and better-built EVs, probably from China but also possibly from other existing car manufacturers. Sometimes I’m tempted to short Tesla’s stock based on this belief, but to quote John Maynard Keynes: “Markets can remain irrational longer than you can remain solvent.”
            • @[email protected]
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              156 months ago

              I subscr to the theory that Tesla is valued not as an automotive stock but as a tech stock. Companies like Toyota and VW are valued wildly different from companies like Google and Amazon and tesla has long pushed for everyone to think of it as far more like apple than like Honda, with quite a bit of success. That’s why Elon does his whole Tony stark/Steve jobs routine and swears full self driving and other revolutionary tech. Because otherwise you have to look at his vehicles as the gilded Yugos they are that do have some really great aspects, but ones that are now being done by companies like Hyundai that can actually assemble a car well

            • @[email protected]
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              156 months ago

              Thank you for explaining it so well. I thought that was what it was, but it seems insane to be valued that much higher to investors. Turns out, it probably is insane.

              • idunnololz
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                106 months ago

                And remember if you want to try to cash in on this information “Markets can remain irrational longer than you can remain solvent”

            • @[email protected]
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              6 months ago

              It’s more that Tesla is a bubble. The thing with bubbles is that it’s actually completely rational to buy into them while they’re inflating. As long as you get out before they pop, you can make a ton of money.

                • @[email protected]
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                  36 months ago

                  It’s rational on an individual level because you can know it’s a bubble, know the company is overvalued and yet still conclude that the best move is to buy. It’s risky, but the question is if the risk/reward ratio is better or worse than the alternatives. In the case of TSLA, you’d have made well over 10x your money if you had bought in 2019. It’s why bubbles keep happening despite everyone knowing they exist and will pop eventually.

              • @[email protected]
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                16 months ago

                All of that, plus an additional bit of irrationally, since SpaceX is private, some investors are in Tesla with the idea that some future corporate action will cause Tesla shares to eventually include SpaceX ownership as well.

        • Pumpkin Escobar
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          126 months ago

          Seriously, I’d love to see this chart, earnings chart and PE ratio chart to really see the whole picture

          • @[email protected]
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            6 months ago

            I don’t have a chart for you but

            2023 net profit

            Toyota - 31.82b

            VW AG- 17.331B

            Tesla - 14.999b

            BMW - 12.165B

            GM - 10.1b

            Ford - 4.347B

            BYD - 4.16B

            Edit: Just to preempt this, yes Tesla is suffering a lot more this year with the EV price wars, for the first 3 quarters, they’re at 4.78b this year, whereas GM for example is at 8.97B. GM doesn’t make a lot of profits (if any) on their EVs, but they still have ICE vehicles to fall back on whereas Tesla doesn’t.

      • @[email protected]
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        106 months ago

        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.

        • @[email protected]
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          26 months ago

          What on Earth are you talking about? Someone posted a thing above that shows Tesla at #3 in profits.That’s pretty big. The dude sucks, and he’s openly tossing money around trying to influence elections, and he is a known liar and fraud. The company is way overvalued. You don’t have to exaggerate and say Tesla fails at selling cars to criticize him.

          • @[email protected]
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            36 months ago

            But Tesla does fail at selling cars. They’re an unprofitable company that sells far fewer cars than their bloated valuation justifies.

      • SeaJ
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        66 months ago

        Their revenue is about half of Ford’s.

          • JWBananas
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            26 months ago

            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.

    • Snot Flickerman
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      6 months ago

      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.

      • @[email protected]
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        96 months ago

        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.