Tesla's Annual Sales Fall for the First Time

Tesla posted its first-ever fall in annual sales as a public company in its Q4 2024 production, deliveries and deployments report on Thursday.The Elon Musk-led company's sales declined by 1% year-over-year, which is a sharp fall for a brand that was once reporting annual sales growth of almost 50% every 12 months. In 2023, for instance, Tesla's sales were up 37% from 2022, so the company's latest report is indicative of just how intensely the EV market's slowing demand and increased competition ...