Tesla Faces First Annual Sales Decline as Market Challenges Mount
Elon Musk's ambitious 2025 targets hinge on new models, self-driving technology, and regulatory shifts amid growing competition and missed projections.
- Tesla reported its first-ever annual sales decline in 2024, delivering 1.79 million vehicles, falling short of its 1.81 million target from the previous year.
- CEO Elon Musk has outlined aggressive 2025 goals, including launching a low-cost entry model, refreshed Model Y, and long-delayed Semi and Roadster vehicles, though some timelines remain speculative.
- The company plans to debut unsupervised Full Self-Driving (FSD) in Texas this year, backed by significant investment in AI training infrastructure, but regulatory approval remains uncertain.
- Tesla's stock dropped nearly 7% after the latest sales figures, with analysts citing concerns over missed targets and competitive pressure from rivals like China's BYD.
- Musk's support for President-elect Donald Trump has sparked investor optimism for favorable autonomous vehicle policies, but potential challenges to EV tax credits could impact demand.
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