In Q4 2024, Tesla reported 495,570 vehicle deliveries and 459,445 production units, marking the first annual decline in deliveries with total annual figures of 1,789,226. Analysts had anticipated higher delivery numbers. Despite a stock rally boosting shares by 63% throughout the year, Tesla faces increased competition from automakers like GM, Ford, and BYD. Musk’s political campaigning for President-elect Trump may have distracted from business focus. While Tesla’s dominance persists in North America, sales in Europe and China have dropped. Looking forward to 2025, Musk predicts growth driven by lower-cost and autonomous vehicles.
