There does not appear to be an obvious savior on the horizon for Tesla, either. The Cybertruck remains the company’s most identifiable vehicle thanks to its futuristic dumpster vibe, but the company shipped fewer than 50,000 units in 2024 and it seems like the demand for the truck is flattening out or declining.

The EV giant sold 1.76 million electric cars in 2024, per figures released on Wednesday, putting it within touching distance of beating Tesla.

Tesla posted its first annual sales drop in more than a dozen years Thursday, undercutting a stock that has soared since Donald Trump’s victory on optimism Elon Musk’s close

Tesla Inc.’s annual vehicle sales dropped for the first time in more than a decade despite a year-end push that sent deliveries to a record in the fourth quarter.

Tesla sold about 1.78 million cars in 2024, it said Thursday. It's Elon Musk's electric automaker's first year-over-year decline ever.

Analysts expect GM to take the 2024 U.S. auto sales crown. But the battle to be No. 2 EV seller behind Tesla may be fierce.

Tesla, the name synonymous with electric vehicles, has hit a bump in the road with its first annual sales decline in over ten years. What does this mean for Tesla’s future, and can the company bounce back?

China's BYD enjoyed a year-end surge to push total sales to 4.25 million passenger cars last year, narrowing its gap with Tesla as the two vie for the crown of the top-selling electric vehicle (EV) maker of 2024.