Tesla sales fall for the second year in a row

4 hours ago

Copy Link

Tesla's Q4 sales dropped by 15.6%, marking a second consecutive annual decline.
Chinese rival BYD surpassed Tesla in annual battery-electric vehicle sales for the first time.
Tesla's sales were below Wall Street expectations, with 418,227 EVs sold in Q4.
The end of the $7,500 EV tax credit in the US contributed to Tesla's sales slump.
Tesla faced declining sales in Europe and China due to competition and political backlash.
Tesla's product lineup is seen as stale, with no new vehicle launches since the Cybertruck in 2023.
Despite sales struggles, Tesla's stock hit a record high due to optimism around its robotaxi rollout.
Tesla plans to expand its autonomous ride-hailing service to multiple US cities in 2025.

Hasty Briefsbeta