It was bound to happen. After constant and steady growth in automotive sales, Tesla has now reported its first decline in sales.
It is still the EV behemoth in the western world.
And with all the other manufacturers adopting its charging protocols, it is also the standard and largest provider for all brands of EVs in north America so they have a lock on a very large % of charging income.
FULL STORY at link above at CNBC ^^^
It is still the EV behemoth in the western world.
And with all the other manufacturers adopting its charging protocols, it is also the standard and largest provider for all brands of EVs in north America so they have a lock on a very large % of charging income.
FULL STORY at link above at CNBC ^^^
Tesla shares slide after it reports first drop in annual deliveries
Tesla posted its fourth-quarter vehicle production and deliveries report on Thursday. Here are the key numbers:
Total deliveries Q4 2024: 495,570
Total production Q4 2024: 459,445
Total annual deliveries 2024: 1,789,226
Total annual production 2024: 1,773,443
Results for the quarter represented the first annual drop in delivery numbers for Tesla, which reported 1.81 million deliveries in 2023. It reported 484,507 deliveries in the fourth quarter of 2023.
Tesla shares fell by as much as 7% in trading on Thursday.
Analysts had expected Tesla to report deliveries in the quarter of 504,770, including 474,000 Model 3 and Model Y EVs, according to a consensus of estimates compiled by StreetAccount. Tesla sent some investors a company-compiled delivery consensus of 506,763 vehicles, based on a survey of 26 analysts. A widely followed independent Tesla researcher, who publishes as Troy Teslike, predicted deliveries of 501,000.
Deliveries are the closest approximation of sales reported by Tesla but are not precisely defined in the company’s shareholder communications. . . .
