Tesla sales for 2024 fell short of its 2023 numbers, as a 2.3% increase in global sales in the fourth quarter was not enough to overcome a sluggish first half of the year. It was the first year-over-year sales drop for the Austin, Texas, company since at least 2015, and it came de...
— Tesla (@Tesla)January 2, 2025 But the late year rally wasn’t enough to bring the company’s full-year numbers in line with 2023. And indeed, Tesla CEO Elon Musk hadwarned at the beginning of the yearthat increased competition and reduced demand for the company’s aging lineup of v...
Tesla's sales numbers also pulled down shares of its U.S. EV competitors. Shares of Rivian fell 5.2%, while Lucid stock dropped 3.5% on Tuesday. Deliveries of the Models 3 and Y, fell 10.3% year over year to 369,783. Sales of the company's other models, the aging X and S and t...
Tesla sold 1.809 million vehicles in 2023, up from 1.3 million in 2022. Analyst Dan Ives of Wedbush said that Thursday’s sales numbers were “respectable” and called the stock weakness a knee-jerk reaction. “We remain highly confident in Tesla...
As perCNEV Post, Tesla China’s April numbers suggest that the electric vehicle maker sold 283,043 vehicles from January to April, 2024. These numbers represent a 7.25% decline from the 305,164 vehicles that were sold during the same period in 2023. ...
It is crucial to note that the decline in Tesla’s sales performance in 2024 is not indicative of the overall health of the company. Tesla’s annual car production and delivery numbers for 2023 remained robust, with over 1.8 million vehicles delivered throughout the year. However, ...
On the company's first-quarter earnings call in April, CEO Elon Musk told investors that while he expected "higher sales this year than last year," the growth rate would slow from 38% in 2023. The biggest story at Tesla in the back half of the year was Musk's role in President-...
Full-year sales numbers fell far short of CEO Elon Musk’s prediction of 50% sales growth in most years. But the company did exceed an internal target for the year of 1.8 million vehicle sales. Tesla chopped prices in the U.S. multiple times during the year, at times by $20,000 on...
We’ve now got Tesla’s quarterly sales numbers through 2024 and BYD’s quarterly sales numbers through 2024 (after crunching some numbers). So, it’s time for an updated look at the biggest EV sales rivalry of the past decade. I’ll start with comparisons of BEV sales, and then I’ll...
Dave explained that with all of these hypothetical numbers, in the two-year period from 2021 to 2023, Tesla could go from $4 billion of operating income to $18 billion of operating income. “If you go with these figures, that’s a 4x jump in operating income just within two years.” ...