Reported 2 days ago
Tesla's annual vehicle sales declined for the first time in over ten years, with 1.79 million vehicles sold in 2024, slightly below 2023 figures and analyst expectations. The company faced challenges from subdued consumer demand, an industry slowdown, and setbacks like an arson attack on its Berlin factory. Despite a record fourth-quarter delivery of 495,570 vehicles, Tesla's stock fell by 5.8% after the report. CEO Elon Musk projected 20% to 30% growth for 2025, fueled by an expected affordable vehicle, but uncertainties remain regarding EV tax incentives under the new administration.
Source: YAHOO