Tesla’s annual vehicle sales fell for the first time in more than a decade, to 1.79 million vehicles in 2024. And this despite the fact that a record number of cars were delivered in the fourth quarter: 495.5 thousand.
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As Elon Musk’s company announced in a press release, it will publish detailed financial results for the fourth quarter of 2024 on January 29, 2025. A question and answer session is planned on the same day to discuss the financial results and outlook. and sales of the company.
Bloomberg, however, noted that Tesla shares fell after the release of preliminary results, down 7.6% in New York. Overall, the company’s shares are up 63% in 2024.
Barclay analyst Dan Levy wrote that the figures “confirm that growth in 2025 will be driven by existing models rather than the still unknown 2.5 model.”
Musk himself told investors during his last call that he expects growth to be between 20% and 30% in 2025. He is only betting on a new, affordable car that he plans to present in the first half of the year, but the billionaire Nor does it forget about autonomous driving technology.
Meanwhile, Chinese rival BYD Co. sold 4.25 million electric and plug-in hybrid models last year, closing the gap on Tesla in the race to become the world’s largest electric vehicle maker.
Author:
Ekaterina Alipova
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
