Tesla's production and delivery numbers for 2024 reflect significant challenges, with a 4% production drop and 1% decline in deliveries compared to last year.
Despite a strong fourth quarter with record deliveries and energy deployment, Tesla's overall performance for the year fell short of Wall Street's expectations, leading to a 5% drop in stock.
Elon Musk cautioned at the start of the year about increased competition and decreased demand for Tesla's older vehicle lineup affecting performance in 2024.
Tesla's future projects, including a more affordable model by 2025 and a fully autonomous Cybercab by 2026, face numerous challenges amidst shifting political landscapes.
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