Tesla’s EV Sales Hit Record High in Q4, Annual Drop for First Time

Tesla Inc.’s annual electric vehicle (EV) sales have dropped for the first time in over a decade, with the company selling 1.79 million vehicles last year. Despite this, deliveries reached a record high in the fourth quarter of 2023. The decline is attributed to the company’s results coming in slightly below previous year’s numbers and also missing analysts’ consensus estimates.

Source: https://www.bloomberg.com/news/articles/2025-01-02/tesla-s-annual-ev-sales-decline-for-first-time-in-over-a-decade