Tesla’s sales fell for the first time in 9 years
3 January 06:47
For the first time in nine years, Tesla has reported a drop in annual sales. This is reported by The Hill with reference to the company’s press release, "Komersant Ukrainian" informs
The document states that in 2024, Tesla delivered 1,789,226 cars worldwide, which is less than 1,808,581 cars in 2023.
Although the fourth quarter of last year was a record in terms of deliveries, they were not enough to significantly improve the annual performance.
The company’s shares fell by almost 6% on Thursday afternoon, although they had risen sharply before then after the election victory of Donald Trump, whose supporter and ally is CEO Elon Musk.
The decline in Tesla’s sales is due to increased competition in the electric vehicle market from manufacturers in China and Europe. For example, in 2024, the Chinese automaker BYD demonstrated an increase in sales of its cars around the world.
