Is Tesla on the right track for 2025? - Tokenist Since the Robotaxi event on October 11, Tesla's (NASDAQ: TSLA) stock price has risen 38% and is now at $291.60 per share. This is a return to early November 2024 price levels. However, after a stock market correction over the past month, TSLA stock is down 23%.
This was somewhat expected, given that the Trump and Musk alliance led to a short-term rise in TSLA stock, which has now slowed. The political aspect is also a double-edged sword that could ultimately affect sales of Tesla's electric cars.
additionally, the very fact that the political situation has become a volatile factor in investors' calculations could reduce the risk of
#Tesla stock. TSLA stock has become relatively deflated. What investors can now expect by the end of 2025.
By making political statements,
#Elon Musk has increased the friction between the Trump administration and the EU ruling class and its media structures. According to the European Automobile Manufacturers Association (ACEA), Tesla's sales in Europe last month plummeted from 18,161 units in January 2024 to 9,945 units in January this year. The biggest drops were in Germany and France, where sales fell 60% and 63% respectively.
This 45% drop came despite a 34% year-on-year increase in EV sales. Any such drop is significant, but it's even more dangerous for Tesla given cheaper Chinese competition. This was exactly the window EU automakers needed in China to increase their market share. As a result, even SAIC Motor, a smaller Chinese company, was able to significantly outpace Tesla with 22,994 vehicles.
total Tesla sales.
According to a January 2 delivery report, Tesla delivered 495,570 vehicles in Q4 2024, and for the full year 2024, 1,789,226 vehicles, compared to 1,808,581 vehicles in 2023. In contrast, BYD, China's largest automaker, delivered 1,764,992 pure BEVs and 2,485,738 plug-in hybrid electric vehicles (PHEVs).
In January alone, BYD sold 300,538 NEVs, nearly 50% more than last year.
BYD outperformed Tesla by ~13% in the fourth quarter. It's also worth noting that the hybrid category is gaining momentum as the most affordable and practical solution.
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