Tesla Achieves Record Sales in China for 2024 Amidst Global Decline - PRESS AI WORLD
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Tesla Achieves Record Sales in China for 2024 Amidst Global Decline

share-iconFriday, January 03 comment-icon2 weeks ago 10 views
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reutersREUTERS
Tesla Achieves Record Sales in China for 2024 Amidst Global Decline

Credited from: REUTERS

  • Tesla reported a 8.8% increase in sales, totaling over 657,000 cars in China for 2024, marking a record achievement.
  • In December alone, sales rose 12.8% month-over-month to a record of 83,000 units.
  • Despite strong performance in China, Tesla's global deliveries decreased by 1.1%, missing CEO Elon Musk's growth expectations.
  • The decline is attributed to factors such as reduced European subsidies, competition from BYD, and a shift in the U.S. market.
  • To remain competitive, Tesla is offering discounts and financing options, continuing its strategy amid ongoing pricing pressures in the EV market.

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Gloria Terra

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