In 2024, Tesla's sales declined for the first time in over a decade, according to the American automaker's annual report.
From October to December, Tesla produced 459.4 thousand and sold 495.5 thousand electric vehicles. As noted by Bloomberg, these figures fell short of analysts' consensus forecast, which anticipated deliveries of 512 thousand vehicles.
The annual sales of the American company reached 1.79 million electric cars, marking a 1.1% decrease compared to 2023 (1.81 million units).
According to the Associated Press, this marks the first decline in Tesla's annual sales since 2011, when just over 1.1 thousand vehicles were sold.
At the same time, the company set a sales record in China, exceeding 657 thousand electric vehicles, an 8.8% increase from the previous year, with 83 thousand sold in December. The Chinese market accounted for 36.7% of the vehicles sold by the company.
Meanwhile, the Chinese automaker BYD recently reported selling 1.76 million electric vehicles last year, achieving a record fourth quarter. In 2023, BYD surpassed Tesla in quarterly sales for the first time, but still lags behind in annual figures.
Nevertheless, the Chinese company leads in sales when considering plug-in hybrids as well. Total sales of hybrids and electric vehicles reached 4.25 million units, more than double Tesla's figures.
Earlier, Spot reported that Saidazim Gulyamov has been appointed as acting CEO of UzAuto Motors Powertrain.