Tesla's performance in Q4 2024 did not meet high market expectations, showing a decline in delivery volumes.
Actual Numbers vs. Expectations
In Q4 2024, Tesla delivered 495,570 vehicles, significantly below Wall Street's expectations, which ranged from 504,770 to 506,763 vehicles. Production totaled 459,445 vehicles, with 1,789,226 delivered for the entire year compared to 1.81 million in 2023.
Market Reaction and Competition
Tesla's stock fell by 7% following the report. The company faced increasing competition, particularly in Europe and China, with sales falling amidst aggressive strategies by local manufacturers such as BYD and Li Auto.
Political Involvement and Future Plans
Elon Musk participated politically throughout the year, supporting Donald Trump and planning production expansion. Tesla aims to increase production in 2025, including launching Cybertruck and new models. The company targets producing 2.5 million vehicles and increasing revenue to $127.61 billion.
Tesla faced challenges in terms of declining deliveries and competition, but it has ambitious plans for 2025 to increase production and revenue.
