Tesla global sales drop first time in 9 years, down by 1.1%

Quick Summary:

Tesla's global sales recorded a decline for the first time in at least nine years, dropping 1.1% to 1.79 million vehicles in 2024.

Despite incentives, waning demand and increased competition contributed to the drop.

Fourth-quarter sales missed expectations, with the average sales price falling, impacting profit margins.

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Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: IndiaAfghanistanChinaZimbabwe

Topics: Tesla sales decline 2024 Electric vehicle market 2024 US electric vehicle demand Tesla fourth-quarter earnings report BYD sales increase

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-03 @ 01:41:14 (5 days ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 1027 words

Reading Time: 6 minutes read

Sentences: 41 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 24825521

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