Tesla shipped fewer vehicles than it did in 2023, signaling the company is struggling to reach new customers. That means Tesla's Cybertruck, the company's first new model since 2020, has done little to boost the company's growth in its first full year of sales.
The company announced on Thursday. Sent. By 2024, there will be 1.77 million vehicles globally, down 2.2% from 1.81 million in 2023. 85,133 of these vehicles are the aging Model S sedans provided by Tesla. “Other models,” which Tesla refers to as other models, include the Model X SUV and Cybertruck. Shares of Tesla, which has been running since CEO Elon Musk helped Donald Trump win re-election in November, fell about 2 percent in premarket trading.
The drop in deliveries is a dramatic shift for Tesla and Musk, who have worked for years to raise a 50% annual growth rate goal. The company has begun to miss that mark over the past few years — albeit massively and relentlessly. Price cutting.. The decline in 2024 is the first annual sales decline since Tesla launched its first mass-market car, the Model S, in 2012.
Tesla Investors were warned. At the start of last year, it said growth could “be significantly lower” by 2024, saying it was “a company between two big growth waves”. Tesla in April More than 10% of its workforce was laid off. The restructuring is intended to refocus on Musk's long-held promise to make a fully functional robot.
Tesla at the same time Abandoned. It plans to produce a $25,000 electric car. Other new vehicles in the pipeline in the near future are standalone cars. Mysterious models The company said it will build on existing production lines. They're expected to be cheaper than Tesla's current offerings (starting in the low $40,000 range).