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Tesla reports first-ever drop in annual deliveries - TL;DR CNBC

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-DEGMTSLAFVOW-DERIVN

Keywords: venture capitalvolkswagen agbayerische motoren werke agtesla incdonald j. trumptechnologybusiness newsgeneral motors coautosford motor cobreaking news: technologyrivian automotive incelon musk

Source: https://www.cnbc.com/2025/01/02/tesla-tsla-q4-2024-vehicle-delivery-and-production-numbers.html


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