Tesla sold fewer cars in 2024 than it did the year before. Yet the company is worth about 53% more now. Don't think about it too hard. Car sales aren't really what the company's value is based on anymore.
The revved-up EV maker appeared to start the new year off on a bum note Thursday, with its stock taking a hit following disappointing vehicle delivery numbers for the fourth quarter. Tesla said it delivered 495,570 vehicles for the period, which was about 3% shy of the 512,300 deliveries projected by analysts, according to consensus estimates from Visible Alpha. The fourth-quarter results brought Tesla's deliveries for the full year to 1.79 million, which was down from the 1.81 million vehicles delivered in 2023, and the first annual sales drop the company has ever seen, according to Visible Alpha data.
Denne historien er fra January 04, 2025-utgaven av Mint New Delhi.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra January 04, 2025-utgaven av Mint New Delhi.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
NRIs: TDS compliance for share buybacks
As a resident Indian promoter of a private limited company, I'm buying back shares from a non-resident individual who helped secure export orders. Does this payment fall under the LRS, and what TCS/TDS applies?
How To Avoid A Dumping Flood
Trump's tariff war with China will also needle some Indian manufacturers
A Four-Point Budget Wish List for Indian Agriculture
Income, climate, natural resources, and human resource crisis weigh on agriculture
Co-investor exit rules need re-look
India-based venture capital and private equity firms have petitioned the Securities and Exchange Board of India (Sebi) to reconsider rules that mandate their co-investors exit alongside the fund, three people familiar with the development said.
Zomato backs Blinkit expansion amid losses
Zomato's Q3 profit drops 57%, weighed down by quick-commerce arm
Women, skip the bro-split and try the flow-split
Exercise plans aligned to menstrual cycles can be effective for women
LTIMindtree's global markets head quits
L TIMindtree Ltd's president of global markets, Sudhir Chaturvedi, has quit the company, leaving chief operating officer Nachiket Deshpande as the frontrunner to succeed current chief executive Debashis Chatterjee, whose term ends later this year.
Go First fails to take off, NCLT orders liquidation
Creditors await dues as airline's 20-month-long insolvency process ends
Private banking booms as ranks of super-rich swell
According to the Hurun India Rich List 2024, India saw one new billionaire every five days in the past year
Does India's Fiscal Profile Need A Facelift?
The role of fiscal policy becomes more crucial in the current cyclical slowdown
