Tesla shares deep red: sales figures disappoint

Damper for the US electric car manufacturer Tesla: Last year, fewer vehicles were delivered to customers than planned. In 2024, around 1.79 million cars were delivered to end customers, as the company announced on Thursday in Austin (US state of Texas). Tesla boss Elon Musk However, the company had set itself the goal of delivering 515,000 cars in the final quarter and thus creating a “slight increase” in 2024 as a whole compared to 2023. At that time, the company had delivered 1.81 million vehicles. In fact, 495,570 cars were delivered to end customers in the fourth quarter. The number also fell short of analysts’ estimates. The share temporarily fell 3.53 percent to $389.60 on the NASDAQ.

The day before, Chinese competitor BYD, which is now in a neck-and-neck race with Tesla, had already presented its delivery figures. In the past full year, it increased sales of purely electric cars by 41 percent to 1.76 million vehicles.

The rapid growth at BYD is in stark contrast to the weakness of other car manufacturers, primarily from Europe. While Volkswagen, Nissan and Stellantis are struggling with falling sales figures in China, the local hero BYD could soon become the best-selling electric car brand in the world.

NEW YORK (dpa-AFX) / AUSTIN (dpa-AFX)

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