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.
I think Tesla is fairly valued.
Holy hell that really puts things in perspective 😮
Yep, no problems here whatsoever.
You need another of these to go with it that shows these companies in terms of revenue.
Seriously, I’d love to see this chart, earnings chart and PE ratio chart to really see the whole picture
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.
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.
The graphic doesn’t draw any conclusions, does it?
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.
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.
Technically that thing has already happened. Or, is still happening I guess.
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.
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.
But Tesla does fail at selling cars. They’re an unprofitable company that sells far fewer cars than their bloated valuation justifies.
Their revenue is about half of Ford’s.
Now do one that counts vehicles delivered.
Shocked Ferrari is worth more than Volkswagen. I wonder how much of that is F1-related.
That’s … the stock being overvalued lol