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**Q4 2024** ||Production|Deliveries|Subject to operating lease accounting| |:-|:-|:-|:-| |Model 3/Y|436,718|471,930|5%| |Other Models|22,727|23,640|6%| |**Total**|459,445|495,570|5%|
We need more chinese manufacturing.
So, Tesla sales contracted (shrunk) in 2024 from 2023, despite adding a model (Cybertruck)
Makes sense. Competition has increased dramatically outside the US.
I don’t know if you’ve noticed, but the entire auto industry is in deep trouble at the moment.
like if we had ten of those factories instead of one.
The US and EU industry is in trouble, since they have been failing to compete. There are minimal signs of improving competition as well, instead there are extreme protection measures going in place like increased import taxes.
It was a bit concerning that the prices went up from the offers Tesla made last year for the 3/Y, they must be confident that the new model “2” coming this year is going to make up for last year. They sold every car they made indicating the issue is they’re moving resources around, probably about to release something big this year like the cheaper model. Prices staying high and selling every car they made means no demand problem. That said, this quarter was a record for production so they aren't producing less either really. They just had a slower quarter earlier in the year that they weren't able to make up for.
missed 50% CAGR by an inch basically
Elon goes to china, he opens up 10-20 new factories with his world famous superhero speed, manufacturing the new model 2 for 25 thousand dollars. plus a few battery plants in china as well.
Tesla's sales in China were actually the strongest of all major regions this year, and they saw year-over-year growth there. It's the US and Europe that are the problem, and EVs in general struggled in those regions this year.
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The Cybertruck was never going to make much of an impact for 2024. The goal was 50,000 deliveries of the CT for the year. Tesla stated earlier in the year, or end of 2023 call, that they weren't expecting growth this year. That said, they are back to record deliveries for the quarter with this quarter beating out Q4 2023.
Stellantis, VW, Ford, and GM all stumbling. High interest rates, industry bloat, poor financial situation for buyers… all coming to a head.
I was told it was because Tesla bad
You do understand that if all Tesla achieved was flat sales in 2024, the addition of Cybertruck should have put them 50,000 units ahead in 2024. Instead, they sold fewer EVs in 2024, despite adding an entire product line.
Tesla proved that an electric vehicle can be sold to the masses. They also proved you don’t need the asinine dealer franchise model. Even if they fail, they changed the industry significantly. I don’t predict Tesla is going anywhere. But the next few years will be rough for the entire automotive sector.
Ford sales seem to be up significantly.
And costs through the roof. Hemorrhaging money on warranty repairs and giving away vehicles to move inventory.
I was at a showroom toward the middle of December, and it was *insanity*. The line for *scheduled* demo-drives was extending out the door, and they kept demo cars stacked up out front, constantly coming and going, with salespeople on standby if anyone wanted to put in an order, and there was a whole separate wing of the place completing deliveries with *82* scheduled for that day. Part of that was people taking advantage of incentives that were ending (which was why I was there, after all), but no part of that seems like a demand problem. Edit: it felt more like an airport than a car dealership.
That would not increase demand would it?
With larger economies of scale price can be lowered which would boost demand.
Ford's been hemorrhaging money on warranty repairs since the 1970s. That's nothing new. I actually even *agree* Ford's in trouble — warranty repairs just aren't the angle you're looking for here. (Roadmap and market exposure are the biggest issues for them.) Tesla, however, isn't Ford. The company had been projecting 50% CAGR until recently, something Ford wasn't doing. If your angle is that Tesla is just like all the other girls, well... that's a problem.
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>Tesla stated earlier in the year, or end of 2023 call, that they weren't expecting growth this year. Not actually true. They guided growth — just lower growth.
That's how it was when I bought my Y last December 29th haha
Build more? BMW has now like (depends in how you count it) 4 factories in China.
Maybe 0% interest is coming back sooner than expected?
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If ford and tesla were at the same P/E because they are the same. Shares would be at 40
As someone who worked there… I would not say Tesla is “well run”. Too much uncertainty in direction from middle management, too much chaos, too many broken things internally. It succeeded in spite of all of the issues. Is this unique? I don’t think so. I bet every company is like this at some stage, especially when in hyper-growth mode and in an incredibly tough industry. Just trying to inject some realism here to balance the sometimes overly positive views on the company.
People are more price sensitive and feel that the economy isn't that strong. Bringing a cheaper model would have helped tremendously. In Europe we're seeing a new wave of cheaper EV's and people are liking them. Tesla needs a cheaper smaller model, it's just how the economy is going.
The auto industry is in stagnant mode right now. Only Tesla is doing pretty well overall.
Doesn't matter, TSLA stock is entirely divorced from revenue at this point.
Dang, that's crazy. Cali?
I enjoy my tesla and I love everything about the buying experience with them, as opposed to dealerships. However, my Tesla was my "test the EV waters" vehicle to see if it would be sustainable for me. Now that I've proven that theory, and now that other manufacturers are pumping out decent EV's, I feel like I no longer *need* Tesla. That's the difference for me, IMO. They did soo well at proving this model, that it's actually shifting me away.
Tesla's EV market share in Europe has stayed consistent over the last 8 years. So no, it's not a situation where Tesla is declining due to cheaper and smaller models stealing their market share. EV demand in general just suffered in 2024. But they are apparently going to come out with a cheaper model in the first half of this year.
Didn't Musk outright say that the cheaper model was dead and the robocab is being made instead?
No. The version of the Cybercab with a steering wheel and pedals might be dead, but the cheaper model that's scheduled for the first half of this year and is partially based on the Model 3/Y platform is still coming. They've reiterated that in every quarterly report since it was first announced.
Yes, it’s more tied to robots, taxis and unicorns than to the auto industry
Nope, *North Carolina* of all places. I can only assume it was like that everywhere.
So, Tesla is still the number 1 EV maker in the world. BYD was predicted to overtake Tesla in 2024 but are short by around 200k - so Tesla just pulled ahead.
Tesla sells less cars than any other auto brand lol It’s supposed to be a “growth stock” this is horrendous news
Cyber sales stunk, and are in the decline. I would expect next year to see fewer trucks sold than this year by a wide margin.
Best you wait until the others adopt the things you like about Tesla's model first.
soon
Until you need to go on a road trip and want to charge.
I doubt it. They just became $7500 cheaper with the tax credit. And the lower priced single motor variant will come out this year.
Why would you even want to beat BYD selling cheap 10k USD cars to win at some numbers game. Start selling e-bikes for $500 then lol
Because it just reinforces undisputed industry dominance when you sell more cars even at over twice the price.
If you ask me Quantity is NOT the only aspect of industry dominance , Quality , reliability , Safety etc all play roles.
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not for chinese auto makers. EV in US and european countries are too expensive.
Just a reminder that Tesla has made third-party charging on the Supercharger network a thing.
BYD was only short 30k in 2024. Also BYD sold 595k BEVs in Q4 so 100k more. It will be likely BYD will overtake Tesla next year on annual numbers.
They also did some of the things that other car manufacturers did the opposite of - like moving some of the parts development in house. For seats, some of the battery tech, the whole computer/entertainment system.
If you spend a few minutes looking into most of those companies, they’re propped up by the state and generally make awful products that are heavily subsidized. Most, if any, of Chinas car manufacturers don’t make money.
Probably…but BYD has its sights on Toyota more than Tesla
Y&3 absolutely dominate in Europe and are the only Western models anyone buys in China.
I don’t know why people keep ignoring this. Tesl has guided towards multiple new models this year.
That’s not how that works lol
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