Tesla Cybertruck, introduced with a giant fanfare at the end of 2023, did not supply the expected sales that investors expected, leaving the corporate right unless the 515,000 sets required for the quarter exceed the total year of the total year of 2023.
For the first time in a decade, Tesla’s annual sales declined in 2024 after years of growth. Tesla shares fell 5% on market open on Thursday.
Newsweek contacted Tesla for observation email on Thursday morning.
The solid Delivery Numbers of Tesla reflect a market for electric vehicles of adulthood where the expansion is no longer guaranteed. The highest interest rates and economic uncertainty have made consumers more cautious, which directs some to less expensive hybrid options. Meanwhile, classic car brands that expand the production of EVs have intensified the festival in key markets such as the United States, Europe and China.
As Bellwether for the world electric vehicle industry, Tesla’s effects are largely. CEO Elon Musk has established a sales expansion target of 20-30% by 2025, but this will have much of the less expensive car models and the good fortune of the Cybertruck.
Rising competition and an aging lineup are pressuring Tesla, still the EV market leader. While the Cybertruck, launched in late 2023, has performed well in the EV truck segment and has become its own potent brand for Tesla, the vehicle has thus far fallen short of driving the broader growth the company expected.
A Cybertruck exploded an asset from Trump in Las Vegas on New Year’s Day, and the authorities said they were investigating whether it was a terrorist attack.
Tesla saw its first annual decline in vehicle deliveries in the year that just ended, delivering approximately 1.79 million vehicles, a 1.1 percent decrease from the 1.81 million delivered in 2023.
In the fourth quarter of 2024, Tesla delivered 495,570 vehicles, reducing that analysts’ expectations.
The company’s movements take a position of a year -end rally, completing 2024 63% after achieving a record in mid -December, exceeding its 2021 peak.
The Cybertruck, Tesla’s first entry into the pickup market, was initially expected to boost sales significantly. However, it contributed fewer than 50,000 units to 2024 deliveries, far below expectations.
At the beginning of the year, Tesla saw that her percentage was worth spending 29% in the first quarter, her worst was in two years. In April, Musk warned about the slowest expansion in 2024 to 2023.
In addition to the headlines, Musk has become an eminent figure in President Donald Trump’s handpicked president, spending at least $277 million on Trump and other Republican applicants while campaigning in swing states.
Although Tesla’s actions have lost 10% in the last 3 sessions, they have won approximately two thirds of them since the day of the electoral ballot, stimulated through the presidential electoral result and the non -public proximity of Musk with the elected president.
It remains unclear how much time Musk will be able to devote to Tesla in the new year after being appointed by Trump to co-lead the new Department of Government Efficiency (DOGE).
Sam Fiorani, vice president of the automatic forecasting solutions study group, told CNBC, “Musk’s foray would possibly have its target of his core activities. “
David Tracy, editor -in -chief of the Auto Culture website The Autopian, in New York Times: “Cybertruck is very difficult to separate from Elon Musk, because it is not logical. “
Tesla faces uncertainty under the new management. Although the relief plans of regulations and introduce federal directives for self-driving cars may develop Tesla’s Robotaximes ambitions, the president elected Trump also eliminates federal EV subsidies.
Tesla is set to release its full Q4 financial results after the market closes on January 29.
Jesus is a Newsweek reporter based in New York. Originally from Bogotá, Colombia, his focus is reporting on politics, current affairs and trending news. He has covered current affairs, healthcare, pop culture, and sports. Jesus joined Newsweek’s U.S. bureau in 2024, and has previously worked for The Financial Times and served as an international reporter and newsletter editor for El Espectador in Colombia. He graduated with an M.A. in Journalism and Digital Innovation from New York University. Languages: English, Spanish. You can get in touch with Jesus by emailing [email protected]