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The Independent UK
The Independent UK
World
Associated Press

Tesla sees first drop in number of cars delivered in nine years sending stock tumbling

Tesla’s stock plummeted on Thursday morning - (AP)

Tesla's global annual sales fell for the first time in at least 9 years, with a 2.3% increase in the final quarter not enough to overcome a sluggish start to 2024 despite offers of 0% financing, free charging and low-priced leases.

The Austin, Texas, company 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.

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