‘They Need to Expand’: Tesla’s Annual Sales Declined For the First Time in 2024. Here’s Why.

Though Tesla had a record-strong quarter in the final months of 2024, it wasn’t enough to stop the electric carmaker’s annual sales from dropping for the first time in its history.

Tesla posted record-high numbers for the final three months of 2024, delivering 495,570 EVs compared to 484,507 shipped at the same time last year.

However, Tesla’s annual numbers were down. The carmaker delivered 1,789,226 electric vehicles in 2024, a decline from the 1,808,581 EVs the company sold in 2023 and below analyst estimates by about 20,000 units, according to Barron’s.

Related: Tesla Sales Show Demand Could Be Speeding Up For Electric Cars

Tesla’s quarter results, while record-breaking, were also below Wall

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