In Q4 2024, Tesla recorded a delivery volume of 495,570 units, an increase of about 2.3% year-on-year, but lower than the Analyst's previous estimate of 5,047.7 million units; Throughout the year, Tesla delivered a total of 1,789,226 units in 2024; in comparison, 1,808,581 units were delivered in 2023. This also marks the first annual decline since 2011.
On January 2, the Financial Association reported (Editor Zhao Hao) that on Thursday (January 2), in Pre-Market Trading, global New energy Fund leader Tesla released its "report card" for the fourth quarter of 2024 on its official website.
Specific data shows that Tesla's automotive production in Q4 2024 was 459,445 units, a year-on-year decrease of over 7%; the delivery volume recorded was 495,570 units, an increase of about 2.3% year-on-year, but lower than the Analyst's previous estimate of 5,047.7 million units.
For the whole year, Tesla produced a total of 1,773,443 Autos in 2024 and delivered 1,789,226 units; in comparison, 1,845,985 Autos were produced and 1,808,581 units were delivered in 2023.
This means that although Tesla's quarterly delivery volume set a new historical high at the end of 2024, it also marks the first annual decline since 2011. As a result of this news, Tesla's stock on the USA market at one point fell over 7.5% in early trading.
Last year, Tesla's Business faced a series of headwinds: the Berlin factory experienced an arson attack, shipping rerouted, and the entire electric vehicle Industry turned cold. In April, the company announced a layoff of over 10% of its global workforce to cut costs and improve efficiency.
Despite this, Tesla executives still told investors that the demand for its all-electric vehicles is caught between two major waves of growth. In October last year, Musk indicated that a lower-cost, self-driving vehicle is expected to launch in 2025, promising a growth of 20% to 30%.
Patrick George, editor of the electric vehicle consulting website InsideEVs, told the media that he believes Tesla still does better than many other car manufacturers in many aspects, especially in terms of charging infrastructure.
However, George added that Tesla's biggest operational challenge in the most recent quarter is that "as an auto company, everything must be done well." He pointed out that failing to launch a more affordable electric vehicle in 2024 is a mistake.
Sam Fiorani, Vice President of Industry research institution Auto Forecast Solutions, indicated that Musk's involvement in politics could "distract him from the core business".
Some people are beginning to doubt whether Tesla can achieve Musk's growth targets for 2025, especially in light of statements from ‘USA elected President Trump claiming to eliminate the electric vehicle tax credit’.