Tesla just dropped its Q4 delivery numbers, and, well, it wasn’t their best moment. They managed 1.81 million deliveries in 2023 (solid on paper), but Q4 came in at 484,507—way under what analysts were expecting (some predicted over 500k). The stock took a 7% hit because apparently missing delivery estimates is a cardinal sin on Wall Street.
Musk spent a chunk of the year playing politics, pumping $277 million into Trump’s campaign and running around swing states, which some say might’ve distracted him from, you know, running Tesla. Meanwhile, rivals like GM, Rivian, and BYD are eating away at Tesla’s once-dominant EV lead. Sure, Tesla’s charging network is still king, but the "nuts and bolts" of being a car company seem to be tripping them up.
Oh, and the cherry on top? 2024 started with the stock tanking, then somehow ended with a record high—classic Tesla chaos.
Musk spent a chunk of the year playing politics, pumping $277 million into Trump’s campaign and running around swing states, which some say might’ve distracted him from, you know, running Tesla. Meanwhile, rivals like GM, Rivian, and BYD are eating away at Tesla’s once-dominant EV lead. Sure, Tesla’s charging network is still king, but the "nuts and bolts" of being a car company seem to be tripping them up.
Oh, and the cherry on top? 2024 started with the stock tanking, then somehow ended with a record high—classic Tesla chaos.