• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Tesla's Delivery Shortfall in 2024

user avatar

by Giorgi Kostiuk

a year ago

Tesla reports its first annual delivery decline. In 2024, the company delivered 1.79 million vehicles, a decrease from the 1.81 million units in 2023.

Challenges from Competitors

Tesla is facing strong competition from automakers such as Hyundai, BYD, General Motors, and Ford, expanding their electric vehicle offerings. Additionally, Tesla sees challenges in declining European sales and increasing inventory in North America.

Financial Volatility

Following the delivery announcement, Tesla's shares dropped over 4% in pre-market trading. Despite fluctuations, Tesla's market capitalization remains significant at $1.296 trillion.

Elon Musk's Political Involvement

Elon Musk's involvement in U.S. politics has also been influencing Tesla's performance. His support for President-elect Donald Trump is seen as a potential distraction from the company's core operations.

Looking forward, Tesla plans to introduce more affordable and autonomous vehicles by 2025, aiming to offset the delivery decline and strengthen its market position. Additionally, the company achieved a milestone in energy storage, setting a record in the fourth quarter of 2024.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Cysic Faces Unsubstantiated Allegations of Manipulation

chest

Cysic faces unsubstantiated claims of manipulating its TGE cluster, with no primary evidence found.

user avatarKaterina Papadopoulou

Cysic Faces Scrutiny Over Token Manipulation and Financial Discrepancies

chest

Cysic's token generation event (TGE) is under investigation due to allegations of token manipulation and significant financial discrepancies.

user avatarMaya Lundqvist

Hedera's Growing Adoption Among Financial Institutions and Governments

chest

Hedera is witnessing significant adoption from financial institutions and governments for various applications, including payments, stablecoins, and asset tokenization.

user avatarLeo van der Veen

Orchard Protocol and Rising Metrics Boost Zcash Adoption

chest

The Zcash ecosystem is witnessing a boost in adoption due to initiatives like the Orchard protocol and rising Twitter metrics.

user avatarElias Mukuru

Charlie Noyes Steps Down from Paradigm to Focus on Kalshi

chest

Charlie Noyes has stepped down from his role as General Partner at Paradigm to focus on his position as a board observer at Kalshi.

user avatarLi Weicheng

No Evidence Found for Wall Street Revolution Event in Crypto Sector

chest

No evidence supports the existence of the Wall Street Revolution event involving key figures in the crypto sector.

user avatarAisha Farooq

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.