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Tesla’s annual sales fall for first time in company history

Elon Musk listens as U.S. President-elect Donald Trump speaks during a House Republicans Conference meeting at the Hyatt Regency on Capitol Hill on Nov. 13, 2024, in Washington, D.C..
Elon Musk listens as U.S. President-elect Donald Trump speaks during a House Republicans Conference meeting at the Hyatt Regency on Capitol Hill on Nov. 13, 2024, in Washington, D.C..
UPDATED:

Tesla sales declined for the first time in the company’s history last year, the company reported, reflecting what analysts said was a lack of new models in an increasingly competitive market for electric vehicles.

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