Tesla shares slide after it reports first drop in annual delivery numbers
- Tesla reported its first annual sales drop in over a decade, selling 1.79 million vehicles in 2024, which was 1.1% below 2023 sales of 1.81 million.
- Daniel Ives, a financial analyst, believes Tesla stock is still worth buying despite the sales drop, viewing Tesla as a leading disruptive technology global player.
- Analysts noted that Tesla's aging model lineup is reaching saturation in the entry-level luxury vehicle market, contributing to the sales decline.
- Competition from EV makers like BYD is intensifying, as Tesla faces challenges in appealing to mainstream buyers, according to industry experts.
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Total News Sources0
Leaning Left47Leaning Right34Center42Last UpdatedBias Distribution38% Left
Bias Distribution
- 38% of the sources lean Left
38% Left
L 38%
C 34%
R 28%
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