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Sunday, January 05, 2025
Tesla sales declined for the first time in the company's history last year, the company reported Thursday, reflecting what analysts said was a lack of new models in an increasingly competitive market for electric vehicles. Vehicle deliveries fell to 1.79 million, representing a drop of 1.1% from 1.81 million vehicles in 2023. Tesla shares fell about 6% Thursday to $379.28. Edmunds auto analyst Jessica Caldwell noted Tesla's core model lineup has seen few changes in recent years. "Especially for EVs, you have to attract new buyers and returning buyers," she said. "In the EV market people want something new and fresh." |
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