Tesla may be exploding, but sales aren't. Elon Musk's auto company released its 2024 sales figures, revealing it sold 1.79 million vehicles, falling short of the 1.8 million vehicles the company exported in 2023, marking the first time in more than a decade that the company has experienced a sales hit. Decreasing cars though discountgigantic Events driven by hyperboleand Wider Availability of Cybertruck–
Sluggish sales figures this year which is lower than analysts expected. It happened despite the rush to make up for lost time in the fourth quarter. From October to December, Tesla delivered 495,570 vehicles, a number driven in part by the company. Offer any incentives you can. Search to attract future car buyers. Do you need 0% financing? Did you get it? Access to “full self-driving” and three months of free overcharging? Done. A super cheap lease? acid, but sales plummeted—and now Stocks are fallingtoo.
Basically, when you know you will miss the investor mark. You'll try to lower your future expectations until you can build back up, but Musk has already laid the groundwork for exponential growth. Back in October, Tesla's CEO told investors that he expected sales to increase. up to 30% in 2025–
It would be fair to call such claims questionable. Especially considering that the company just hit its sales target in a year when market conditions are more favorable than they might be any time soon, it looks like Musk's friend Donald Trump is ready. Destroying the Electric Car Tax Credit in the Biden Erawhich is Credit to EV sales In the past few years Even places that intend to preserve credit to entice car buyers to go electric, such as California, are now considering it. Exclude Teslas from features–
Globally, the market is about to become more complex for Tesla to compete in as well. Meanwhile, the company recorded record car sales in China. last monthThere will also be lunch on the world stage by China's BYD company. Sold 4.25 million cars this year and is threatening to overtake Tesla as the most popular EV in China.
There doesn't seem to be a clear savior for Tesla either: the Cybertruck remains the company's most identifiable vehicle. Because it has the vibe of a futuristic trash can. But the company sent it out. Less than 50,000 units in 2024 and it looks like The demand for trucks is fading or decreasing.–
Maybe Trump's plan Loosen federal regulations on self-driving vehicles. It will lead to big action on Tesla's promises.”cybercab” A two-seat self-driving car (which it might actually be) Remotely controlled by humans) that Musk claims will cost less than $30,000 and will litter roads within two to three years. But let the company Challenges in increasing production In any matter It would be difficult to imagine that it could meet the demand. Even if it is an opportunity to turn the sales charts around.