January 5, 2025
Annual sales of Tesla's electric cars fell for the first time in more than a decade thumbnail
Economy

Annual sales of Tesla’s electric cars fell for the first time in more than a decade

Last year, Tesla sold 1.79 million electric cars – this is less than the figure for 2023, and also lower than the forecast of analysts. Annual sales fell for the first time in more than a decade, despite a positive trend at the end of the year.”, — write: epravda.com.ua

Last year, Tesla sold 1.79 million electric cars – this is less than the figure for 2023, and also lower than the forecast of analysts. Annual sales fell for the first time in more than a decade, despite a positive trend at the end of the year. Bloomberg writes about it. “These results are a sobering reminder of the real challenges for electric car makers, even as hype around self-driving cars and Musk’s closeness to Trump have sent Tesla shares soaring in recent months. Sluggish consumer demand is weighing on electric car sales, and the issue could exacerbated by Trump’s desire to limit incentives for electric cars,” the agency begins.Advertisement:Tesla shares fell after these results, having decreased by 5.8%. The company’s shares are up 63% in 2024. For the quarter ended Dec. 31, the company delivered 495,570 vehicles, missing the 512,277 that analysts had predicted. To meet its goal of “modest” full-year growth, the company needed to sell nearly 515,000 vehicles in the fourth quarter. Tesla has faced a series of setbacks in 2024, including a fire at its Berlin factory, rerouted supplies and an industry-wide slowdown in electric vehicle sales, Bloomberg reports. .Advertisement: Forecast to 2025 During the last phone call to Tesla investors, Elon Musk said that predicts growth of 20% to 30% this year, thanks in part to a more affordable car expected to be introduced in the first half of the year, as well as the company’s autonomous technology. Meanwhile, Chinese rival BYD sold 4.25 million electric and hybrid vehicles last year models, closing the gap with Tesla as the leading manufacturer of electric vehicles.

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