Tesla’s annual vehicle deliveries declined for the first time in more than a decade as the world’s largest electric vehicle maker came under pressure from Chinese competition.
Shares fell more than 6 per cent on Thursday as the figures raised questions about a sharp rebound in sales that its chief executive Elon Musk had predicted.
For the whole year, Tesla delivered 1.79mn vehicles, just below the 1.81mn delivered in 2023 and the first annual drop since 2011, according to Bloomberg data.
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