• About
  • Landing Page
  • Buy JNews
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Tesla’s Annual Electric Car Sales Drop For First Time

SB Crypto Guru News by SB Crypto Guru News
January 2, 2025
in NFT
0 0
0
Tesla’s Annual Electric Car Sales Drop For First Time


Though Tesla had a record-strong quarter in the final months of 2024, it wasn’t enough to stop the electric carmaker’s annual sales from dropping for the first time in its history.

Tesla posted record-high numbers for the final three months of 2024, delivering 495,570 EVs compared to 484,507 shipped at the same time last year.

However, Tesla’s annual numbers were down. The carmaker delivered 1,789,226 electric vehicles in 2024, a decline from the 1,808,581 EVs the company sold in 2023 and below analyst estimates by about 20,000 units, according to Barron’s.

Related: Tesla Sales Show Demand Could Be Speeding Up For Electric Cars

Tesla’s quarter results, while record-breaking, were also below Wall Street estimates of 504,800 deliveries, per Wedbush Securities.

Tesla shares were down nearly 6% on Thursday following the news.

Following President-elect Donald Trump’s win in November, Tesla’s market cap surged to over $1 trillion for the first time since 2022. Tesla’s market cap is $1.2 trillion at the time of writing.

One reason for the decline is increasing competition from international companies.

According to Bloomberg, a Chinese Tesla competitor, BYD, sold 4.25 million EVs and plug-in hybrid cars in 2024 compared to the 1.79 million EVs Tesla sold.

The U.S. EV market has also shifted to include more players. Clean Technica noted that Tesla commanded less than 50% of the U.S. EV market for the first time in six years in 2024. Ford, Kia, Hyundai, and BMW were all rising competitors that encroached on Tesla’s market share.

Related: Tesla Reports ‘Record’ Earnings as Musk Predicts It Will Become ‘the Most Valuable Company in the World’

“If they [Tesla] want to continue to see the growth they had, they need to expand to other sizes and price points,” Jeff Schuster, vice president of automotive research Global Data, told AP.

Analysts also told ABC News that in the U.S., early EV adopters have already purchased vehicles, but mainstream car buyers are still hesitant to do so; they are worried about the technical aspects, costs, how many miles they can go on a single charge, and where to find charging stations.

Related: Elon Musk Announces the ‘Cybercab’ and Other Surprises at Tesla’s ‘We, Robot’ Event. Here’s What to Know.



Source link

Tags: annualBitcoin NewsCARCrypto NewsCrypto UpdatesDropElectricLatest News on CryptosalesSB Crypto Guru NewsTeslastime
Previous Post

Trending Meme Coins to Watch Today, January 02 – Kolin, Garlicoin, Pooh

Next Post

2025 Kicks Off With Big Wins on Wall Street for Bitcoin Miners

Next Post
2025 Kicks Off With Big Wins on Wall Street for Bitcoin Miners

2025 Kicks Off With Big Wins on Wall Street for Bitcoin Miners

  • Trending
  • Comments
  • Latest
The Metaverse is Coming Back! – According to Meta

The Metaverse is Coming Back! – According to Meta

February 7, 2025
How to Get Token Prices with an RPC Node – Moralis Web3

How to Get Token Prices with an RPC Node – Moralis Web3

September 3, 2024
AI & Immersive Learning: Accelerating Skill Development with AI and XR

AI & Immersive Learning: Accelerating Skill Development with AI and XR

June 4, 2025
5 Proven XR and AI Training Use Cases for Enterprises

5 Proven XR and AI Training Use Cases for Enterprises

June 2, 2025
Meta Pumps a Further  Million into Horizon Metaverse

Meta Pumps a Further $50 Million into Horizon Metaverse

February 24, 2025
Samsung Unveils ‘Moohan’ to Compete with Quest, Vision Pro

Samsung Unveils ‘Moohan’ to Compete with Quest, Vision Pro

January 29, 2025
Deutsche Bank Plans 2026 Crypto Custody Debut: Are Top Banks Warming Up To Web3?

Deutsche Bank Plans 2026 Crypto Custody Debut: Are Top Banks Warming Up To Web3?

0
Tether Partners with Zanzibar to Promote Stablecoin Adoption and Blockchain Training

Tether Partners with Zanzibar to Promote Stablecoin Adoption and Blockchain Training

0
Markets Will Choose US-Regulated Stablecoins Over CBDCs ‘All Day, Every Day,’ Says Treasury Secretary Scott Bessent

Markets Will Choose US-Regulated Stablecoins Over CBDCs ‘All Day, Every Day,’ Says Treasury Secretary Scott Bessent

0
MFA Boston returns two works to Kingdom of Benin – The Art Newspaper

MFA Boston returns two works to Kingdom of Benin – The Art Newspaper

0
Altcoin Season Not Coming? Bitcoin Risks Crash To ,200 With Negative Sentiment

Altcoin Season Not Coming? Bitcoin Risks Crash To $98,200 With Negative Sentiment

0
Celsius vs Tether lawsuit moves ahead in US court over  billion Bitcoin sale

Celsius vs Tether lawsuit moves ahead in US court over $4 billion Bitcoin sale

0
Altcoin Season Not Coming? Bitcoin Risks Crash To ,200 With Negative Sentiment

Altcoin Season Not Coming? Bitcoin Risks Crash To $98,200 With Negative Sentiment

July 3, 2025
MFA Boston returns two works to Kingdom of Benin – The Art Newspaper

MFA Boston returns two works to Kingdom of Benin – The Art Newspaper

July 3, 2025
Ripple Expands Stablecoin Push With OpenPayd Integration

Ripple Expands Stablecoin Push With OpenPayd Integration

July 3, 2025
Tokenized Deposits vs. Stablecoins: What’s the Difference and Why It Matters

Tokenized Deposits vs. Stablecoins: What’s the Difference and Why It Matters

July 2, 2025
Bitcoin Consolidates Below Resistance — Can It Seal A Weekly Close Over 7,720?

Bitcoin Consolidates Below Resistance — Can It Seal A Weekly Close Over $107,720?

July 2, 2025
Chuck E. Cheese Is Opening an Arcade Concept for Adults

Chuck E. Cheese Is Opening an Arcade Concept for Adults

July 2, 2025
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at SB Crypto Guru News.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.