Bloomberg Businessweek

Tesla’s Annual EV Sales Drop for First Time in Over a Decade

39 snips
Jan 2, 2025
Jesse Draper, Founding Partner of Halogen Ventures, shares her insights on the hurdles female tech founders face in securing venture capital and the evolving investment landscape for diverse startups. Vincent Catalano, Chief Markets Strategist at Stuyvesant Capital Management, forecasts the market outlook for 2025, emphasizing key economic indicators and political catalysts. The discussion also touches on Tesla's surprising drop in sales and the broader implications for the electric vehicle market, making a case for innovation amidst cooling competition.
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ANECDOTE

EV Attacks & Turo Rentals

  • Two recent attacks involved rented electric vehicles, a Tesla Cybertruck in Las Vegas and a Ford F-150 Lightning in New Orleans.
  • Both vehicles were rented from Turo, a peer-to-peer car rental service.
INSIGHT

Weight of EVs in Attacks

  • Electric vehicles have heavy batteries adding thousands of pounds to the vehicle's weight.
  • This extra weight could be a factor if someone aims to maximize destructive properties.
INSIGHT

Tesla's Sales Decline

  • Tesla's annual sales declined for the first time in over a decade.
  • This drop reminds the market that Tesla is a car company and its financial performance depends on car sales.
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