Tesla annual deliveries fall for first time as incentives fail to drum up demand

Tesla reported its first drop in yearly deliveries, impacted by high borrowing costs and increasing competition especially from China's BYD. Despite promotions and Musk's focus on self-driving technology, reduced European subsidies and weaker demand for the Cybertruck hindered growth. Deliveries for 2024 totalled 1.79 million, 1.1% lower than the prior year, below estimates of 1.806 million units.