Tesla has reported its first annual decline in electric vehicle deliveries since 2012, missing even lowered expectations set by executives. The company’s performance fell short of predictions made earlier this year.
In the third quarter alone, Tesla delivered fewer vehicles than anticipated, resulting in a significant drop in overall sales for the year. Despite the setback, Tesla remains a leading player in the electric vehicle market and is expected to continue innovating and expanding its product lineup in the coming years.
The decline in sales may be attributed to several factors, including increased competition from rival automakers, rising production costs, and the ongoing shift towards more sustainable energy solutions. As the demand for eco-friendly vehicles continues to grow, Tesla must adapt and evolve to remain competitive in a rapidly changing market.
For now, investors and analysts will closely monitor Tesla’s performance in 2024, looking for signs of improvement and strategies that can help the company regain its momentum.
Source: https://www.washingtonpost.com/business/2025/01/02/tesla-deliveries-fall