For the first time in over a decade, Tesla’s annual electric vehicle (EV) sales have dropped. The automaker sold 1.79 million vehicles in 2024, a slight decline from 2023 and below analysts’ expectations.

Global EV sales numbers likely won’t be fully collated till next month, but analysts say that in the US, electric vehicles seem to be on track for a pretty reasonable 8 percent of all car sales in 2024.

Tesla’s global annual sales have fallen for the first time in more than a dozen years. It's a blow to a stock that has soared since Donald Trump's election and its CEO billionaire became a top policy adviser to the president elect.

Tesla reported the first full-year drop in sales in its history as a public company Thursday, as increased competition and slowing demand for electric vehicles hit its results.

The electric-car company led by Elon Musk no longer has the market to itself. Investors are focusing on autonomous driving and other new technologies.

Tesla's increase in global sales in the fourth quarter was not enough to overcome a sluggish first half of the year.

DETROIT (AP) — Tesla’s global sales rose 2.3% in the fourth quarter after a sluggish start to the year that contributed the electric car company’s first year-over-year sales decline since at least 2015. The annual decline for the Austin, Texas, company came despite offers such as 0% financing, free charging and low-priced leases.

U.S. electric vehicle maker Tesla said on Friday its China 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.

Tesla delivered fewer cars last year than it did in 2023, marking its first year-to-year drop and signaling that the company is struggling to reach new buyers.

Just a day after Elon Musk-owned electric vehicle maker Tesla reported its first-ever decline in annual vehicle sales in 2024, two other U.S. automobile powerhouses released data reflecting their biggest sales volumes in five years,

Tesla reported record-breaking sales in China for 2024, marking an 8.8% increase to over 657,000 vehicles sold in its second-largest market. This performance stands in contrast to the company’s first-ever global delivery decline,