Tesla sold less vehicles in 2024

Tesla, one of the most emblematic electric car brands in recent years, has reported an unexpected drop in sales for the first time.

Tesla has announced an annual drop in sales, the first since its IPO, perhaps marking the start of a new phase for the company.

At 1% down on 2023, this slowdown marks a turning point for the company after years of sustained growth.

According to experts, this decline can be explained by increased competition and lower demand for electric vehicles.

Once the undisputed leader in electric vehicles, Tesla now faces increasing competition.

Many automakers have caught up and are now offering increasingly competitive models to rival Tesla’s.

Tesla now faces a formidable competitor in one of its key markets, particularly with Chinese rivals such as BYD, whose popularity continues to grow in China.

This decrease certainly marks a new chapter for the company, which will have to evolve in a changing market with diminishing demand.

Tesla shares reacted to the post with a drop of over 3%.

This decline comes after a period of growth seen during the election of Donald Trump, an ally of Elon Musk.

Tesla’s CEO has invested millions of dollars in this election campaign.