Reported 3 days ago
Tesla has announced its first annual decline in deliveries, reporting 1.79 million units for 2024, a 1.1% decrease from the previous year, driven by stronger competition, particularly from BYD, and reduced incentives. In the fourth quarter, Tesla delivered 495,570 vehicles, missing expectations, while production also dropped by 7%. CEO Elon Musk faces challenges as the company pivots towards self-driving technology and cheaper vehicle options to maintain growth, amidst concerns regarding the future of their Autopilot features and potential regulatory changes.
Source: YAHOO