Tesla’s annual sales drop for the first time in a decade

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? MoneyWatch January 2, 2025 / 9:53 AM EST / AP Tesla sales for the 2024 short of 2023 numbers, as a 2.3% increase in global sales in the fourth quarter was not enough to overcome a sluggish first half of the year. It was the first year-over-year sales drop for the Austin, Texas, company since at least 2015, and it came despite offers of discounts such as 0% financing, free charging and low-priced leases. Tesla delivered 495,570 vehicles from October through December, boosting deliveries to 1.79 million for the full year. But that was 1.1% below 2023 sales of 1.81 million as overall demand for electric vehicles in the U.S. and elsewhere slowed. © 2025 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.