The Elon Musk-led company sold 1.79 million vehicles last year, it said Thursday, which was slightly less than what it delivered in 2023 and also below analysts' consensus estimate.
The results offer a sobering reminder of the real-world challenges for EV makers, even as hype around driverless cars and Musk's closeness with President-elect Donald Trump have sent Tesla's stock soaring in recent months. Lukewarm consumer demand is weighing on sales of electric cars, an issue that could be exacerbated by Trump's push to rein in EV incentives.
Tesla's shares sank after the results, falling 5.8% as of 10.49 am in New York. The stock rose 63% in 2024.
This story is from the January 03, 2025 edition of Financial Express Delhi.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 03, 2025 edition of Financial Express Delhi.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
A big display for entertainment
A budget phone that provides a hasslefree experience
Mkt volatility may force life insurers to rethink ULIP plans
A prolonged volatility in the stock markets could dampen the investor appetite for unit linked insurance plans (ULIPs), prompting life insurers to shift the focus towards guaranteed income and pure protection plans like term insurance, industry experts said.
India-Oman FTA talks nearing completion
INDIA WILL GET MARKET ACCESS FOR 98% OF ITEMS
The promise and perils of agentic AI
● Guardrails are needed for its safe and responsible use
Trump holds victory rally ahead of inauguration
Mukesh, wife Nita to attend the event
Need for speed
● Are brands ready yet to join the pickleball party?
We are living in a 24x7 economy
A FEW DAYS AGO, L&T chairman SN Subrahmanyan's comments on the 90-hour work week, and \"how long can you stare at your wife\", followed by company's HR head Sonica Muraleedharan's subsequent clarificatory statement, have sparked widespread public debate.
Modi hails makers of Constitution, lauds EC for impartial polls
ADDRESSING THIS YEAR'S first edition of his monthly broadcast, Mann Ki Baat, Prime Minister Narendra Modi paid tribute to the makers of the Constitution-B R Ambedkar, Rajendra Prasad and Shyama Prasad Mukherjee, who participated in the Constituent Assembly debates.
Aadhar Housing Finance aims to grow AUM by 22%: MD
AADHAR HOUSING FINANCE is expected to grow its assets under management by 22% by the end of the current fiscal, managing director and CEO Rishi Anand said in an email interaction.
MRF: Crude prices, Re-slide driving surge in tyre prices
RISING CRUDE OIL prices and a depreciating rupee are driving up tyre costs, according to Arun Mammen, vice chairman and managing director of MRF.
