Tesla reports first-ever drop in annual deliveries
Publishing timestamp: 2025-01-02 14:11:17
Summary
Tesla's fourth-quarter report showed a drop in delivery numbers, causing shares to fall before rebounding. CEO Elon Musk warned of slower growth this year. Competition from companies like Hyundai and BYD is increasing. Musk's involvement in politics may have affected focus on core businesses. Tesla faces challenges in Europe and China, but remains dominant in North America. Plans for lower-cost and autonomous vehicles in 2025 could lead to growth.
Sentiment: MIXED
Tickers: BMW-DE, GM, TSLA, F, VOW-DE, RIVN,
Keywords: venture capital, volkswagen ag, bayerische motoren werke ag, tesla inc, donald j. trump, technology, business news, general motors co, autos, ford motor co, breaking news: technology, rivian automotive inc, elon musk,
Source: https://www.cnbc.com/2025/01/02/tesla-tsla-q4-2024-vehicle-delivery-and-production-numbers.html