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Tesla experiences first global sales decline in nearly a decade, down 1.1%

share-iconFriday, January 03 comment-icon2 weeks ago 6 views
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indiatimesINDIATIMES
Tesla experiences first global sales decline in nearly a decade, down 1.1%

Credited from: INDIATIMES

  • Tesla's global annual sales decreased by 1.1%, with 1.79 million vehicles delivered in 2024.
  • A slight 2.3% increase in fourth-quarter sales to 495,570 vehicles was not enough to counteract a weak start to the year.
  • Factors affecting demand include high prices, concerns about driving range, and charging access.
  • Analysts' expectations were not met, leading to a nearly 7% drop in Tesla shares after the announcement.
  • Tesla faces increased competition from BYD and others, highlighting the importance of their upcoming fourth-quarter earnings report on January 29.

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Gloria Terra

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