Tesla’s Annual EV Sales Decline for First Time in Over a Decade

Tesla’s annual vehicle sales dropped for the first time in more than a decade despite a year-end push that sent deliveries to a record in the fourth quarter.

The Elon Musk-led company sold 1.79 million vehicles last year, it said Thursday, which was less than the 1.8 million it delivered in 2023 and also below analysts’ consensus estimate of 1.8 million.

For the quarter ended December 31, it delivered 495,570 vehicles, missing the roughly 512,277 analysts had projected.

Tesla’s shares turned negative after the results, falling 1.9 percent as of 10:01 pm.

(Bloomberg)