Tesla sales stall as China's BYD closes in
China's BYD, however, looks set to close the gap after reporting 1.76 million EV sales in 2024. The Shenzhen-based firm's total vehicle sales jumped more than 41% in 2024, year-on-year, to more than 4.2 million. The surge was powered mainly by sales of its hybrid cars.
Tesla Sales Drop for First Time in Over a Decade While China’s BYD Rises
There does not appear to be an obvious savior on the horizon for Tesla, either. The Cybertruck remains the company’s most identifiable vehicle thanks to its futuristic dumpster vibe, but the company shipped fewer than 50,000 units in 2024 and it seems like the demand for the truck is flattening out or declining.
Tesla reported its first drop in annual deliveries in at least nine years, despite an increase in its numbers during the ...
Reduced European subsidies, a shift in the US toward lower-priced hybrid vehicles and tougher competition especially from ...
Tesla reported a dip in full-year auto sales Thursday (Jan 2), missing a company forecast in a sign of rising electric ...
As a result, Tesla's stock fell 6.1% on Thursday when it announced the sales figures. The stock had soared about 50% prior to ...
Sales of the company’s cars are flagging, but investors are focusing on the potential of autonomous driving and Mr. Musk’s ...
Shares of the company fell about 4% Thursday, indicating investor worries over the challenges facing CEO Elon Musk.
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