Tesla's China sales rise to record high in 2024, bucking global decline

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BEIJING: U.S.electric vehicle maker Tesla said on Friday its sales rose 8.8% to a record high of more than 657,000 cars in 2024, a strong performance in a competitive market in a year when its annual global deliveries fell for the first time.

But global deliveries nonetheless slid 1.1%, missing CEO Elon Musk's earlier prediction of slight growth.

Nearly one out of five BYD cars sold out of China was in Brazil, where BYD and its contractor Jinjiang Group are facing investigations by Brazilian authorities into the conditions of the Chinese workers at the construction site of a local BYD factory.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaBrazilChina

Topics: Tesla /Business/Business News Elon Musk Sales

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-03 @ 12:33:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 417 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 33 words per sentence (average)

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Copyright Owner: © The Star

News ID: 24842092

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