Tesla's recent quarterly deliveries show a significant decline, resulting in more than a 5% drop in share prices, highlighting investor concerns over the company's future growth.
Elon Musk had anticipated growth in deliveries for 2024, leveraging incentives like zero-interest financing, yet the reality showed deliveries lower than expected due to market pressures.
Despite producing nearly 460,000 vehicles in the last quarter, Tesla's 2024 delivery count fell below expectations, impacted by competition from companies like BYD and changing consumer preferences.
Analysts express concerns about Tesla's reliance on the Cybertruck and its existing vehicle lineup, as self-driving technology is years away and current models exhibit shrinking demand.
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