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Barchart
Barchart
Pathikrit Bose

Is Tesla Stock a Buy, Sell, or Hold on Ride-Hailing Push in California?

Tesla (TSLA) shareholders are increasingly concerned that CEO Elon Musk’s attention is being diverted from the electric vehicle company’s core operations. And their worries may not be unfounded.

The Musk-led company reported a yearly decline in vehicle deliveries in 2024 for the first time ever. Tesla sold 1.79 million vehicles in 2024, down 1.1% from 2023. Moreover, even the 2% boost in Q4 deliveries to 495,570 vehicles was modest, and projections from analysts at FactSet indicate that Tesla’s average vehicle sales price is expected to decline to slightly above $41,000 for the quarter. Adding to the misery, Tesla sales in Europe fell by 45% from the previous year.

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