Tesla's vehicle sales declined in 2024, marking the company's first full-year sales drop since before it became a mass-market seller. Why it matters: Tesla is a bellwether indicator for EVs, but the company's lack of major new models is limiting its upside potential.

Tesla’s global annual sales fell for the first time in more than a dozen years, a blow to a stock that has soared since Donald Trump's election and its CEO billionaire became a top policy adviser to the president elect.

Tesla’s global sales rose 2.3% in the fourth quarter, but the increase wasn’t enough to overcome a sluggish first half, and sales for the full year fell short of 2023 numbers

Tesla's increase in global sales in the fourth quarter was not enough to overcome a sluggish first half of the year.