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Tesla announced his first . The total number of deliveries for 2024 hovers around 1.78 million, but the company delivered 1.81 million vehicles in 2023. The company’s shares fell by seven points in the news, but gained several points. This follows similar news from Q1 of 2024but that was only for one quarter.
Q4 showed a slight decline in deliveries, with 495,000 this year and 484,000 in 2023. . Analysts expect Q4 deliveries to be somewhere between 506,000. Tesla doesn’t publish actual US sales numbers, so these delivery metrics are the closest we can get.
The figures are also down in Europe, with a 14% drop in 2024 compared to the previous year. This is according to registration data from the European Automobile Manufacturers’ Association.
We don’t have an exact reason why Tesla’s supply has slowed, but there are plenty of options. The company has yet to develop a budget-friendly EV, instead focusing its efforts on and . Patrick George, editor-in-chief of InsideEVshe said Price CNBC that Cybertrucks they’ve started to “pop up used cars.”
The company was no longer the only EV game in town. It is facing a race from and heritage producers. Corporations such as BMW, GM, Hyundai and Volkswagen have all begun to produce more electric vehicles. Finally, there’s Elon Musk for it all.
Tesla’s stock remained strong for the rest of the year, with a 60 percent increase from 2023. Shares hit a new high in December, the lowest since 2021.
In other news, I don’t understand stocks. Ford, with a price of at least $10 per share. Tesla is currently trading at $380 per share, while selling far fewer cars than Ford and, on average, almost every other automaker. Perhaps rival stocks will rise if major US auto companies begin to focus on developing humanoid robots. .
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