Tesla registra un drop in deliveries of cars for the first time in 2024, despite the electric automaker delivering a record number of units in the fourth quarter, indicating tepid demand for its aging model lineup. October registrations of Tesla vehicles in Europe they fell by 24%, due to a tight race with Volkswagen Group, whose Skoda Enyaq SUV has dethroned the Model Y as the best-selling EV in the region, according to data research firm JATO Dynamics.
I lower prices and incentives they reduced Tesla’s profit margin on vehicle sales last year. Tesla delivered 471,930 Model 3s and Model Ys and 23,640 units of other models, including the Model S sedan, Cybertruck and premium Model X SUV. It produced 459,445 vehicles in the October-December period.
The automaker delivered 495,570 vehicles in the three months to December 31, beating estimates of 503,269 units, according to 15 analysts polled by LSEG. Deliveries for 2024 were 1.79 million, l‘1.1% less than a year ago, below estimates of 1.806 million units, according to 19 analysts surveyed by LSEG.
The sales data caused the stock to collapse on Wall Street where at the opening of the session it stood at -5.81%, after the release of the sales data in 2024, lower than expected.