Tesla global sales drop first time in 9 years, down by 1.1%

Jan 2, 2025 - 23:30
Tesla global sales drop first time in 9 years, down by 1.1%

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Tesla's global sales recorded a decline for the first time in at least nine years, dropping 1.1% to 1.79 million vehicles in 2024. Despite incentives, waning demand and increased competition contributed to the drop. Fourth-quarter sales missed expectations, with the average sales price falling, impacting profit margins.

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