Get the latest tech news
Tesla’s sales fell year-over-year for the first time
Tesla’s sales drop is a sign of unease for EVs.
And indeed, Tesla CEO Elon Musk had warned at the beginning of the year that increased competition and reduced demand for the company’s aging lineup of vehicles was going to be an overall drag on its performance in 2024. And despite setting records for deliveries and energy deployment for Q4, the company still came in below Wall Street’s expectations of 504,800 vehicles delivered, according to Wedbush’s Dan Ives. Much has been said about Musk and Trump’s burgeoning alliance, but the incoming president is likely to eliminate a lot of the incentives that helped make Tesla vehicles more affordable to consumers, including a $7,500 tax credit on new EVs.
Or read this on The Verge
