In 2024, Tesla experienced its first annual sales decline since 2011, delivering approximately 1.79 million vehicles globally, a meager 1.1% decrease from the 1.81 million sold in 2023.

While the decline could be attributed to several factors, including increased competition from manufacturers, a general slowdown in global demand for electric vehicles, and the reduction of government incentives in key markets would be the primary factor.

Despite the annual decline, Tesla achieved record deliveries in the fourth quarter of 2024, with 495,570 vehicles sold. The Model 3 and Model Y remained Tesla’s best-selling vehicles, while the Model X, Model S, and the newly introduced Cybertruck contributed to a smaller portion of sales.

Tesla’s “decline” is in no way a major “blow” as reported by others as Tesla still sold more EVs than legacy manufacturers and even surpassing BYD‘s figure of 1,789,226 cars sold.

What do you think about Tesla’s sales figures? Do you think more budget options like the Model Q will propel Tesla forward? Let us know down below!