Economics

Summary

Tesla reported weaker-than-expected Q4 2024 earnings, with revenue at $25.71B and 495,570 vehicle deliveries, marking its first annual decline.

Competition from China's BYD, reduced European EV subsidies, and falling demand for older models contributed to the slump.

The Cybertruck's launch failed to offset losses, and Tesla faces federal scrutiny over self-driving tech.

Despite setbacks, Tesla's stock doubled over the past year, partly due to investor confidence in Elon Musk’s political connections and potential U.S. tariffs on Chinese EVs benefiting the company.