Tesla's Sales Hit the Brakes: First Annual Decline in Over a Decade!
Tesla's sales dropped 1.1% in 2024, marking its first annual decline since 2011. Despite a Q4 uptick thanks to incentives like 0% financing and free charging, the challenges of increased competition, slowing EV demand, and an aging model lineup took a toll. Stock prices fell over 7% post-announcement. Analysts are calling for more affordable models to attract mainstream buyers, while Elon Musk's political ties stir mixed reactions among consumers.
Jan 3