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Tesla's sales drop in 2024

0 Comment(s)Print E-mail Xinhua, January 3, 2025
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This photo taken on April 15, 2024 shows a view outside a Tesla store in San Mateo, California, the United States. [Photo/Xinhua]

U.S. electric vehicle manufacturer Tesla delivered fewer cars in 2024 than it did in 2023, marking its first year-on-year drop.

The company announced Thursday it delivered 1.77 million vehicles globally in 2024, down 2.2 percent from 1.81 million in 2023. Just 85,133 of those vehicles delivered were what Tesla refers to as "other models," which include Model S sedan, Model X SUV, and the Cybertruck.

The drop in 2024 is the first time annual sales actually declined since Tesla started delivering its first mass-market car, the Model S, in 2012.

Tesla warned investors at the beginning of last year that growth may be "notably lower" in 2024, and claimed it was a company in between "two major growth waves."

In April, Tesla laid off more than 10 percent of its workforce in a restructuring that was meant to re-focus on Tesla CEO Elon Musk's long-promised idea of making a fully functioning robotaxi, according to a report by TechCrunch.

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