For the first time in over a decade, Tesla’s annual electric vehicle (EV) sales have dropped. The automaker sold 1.79 million vehicles in 2024, a slight decline from 2023 and below analysts’ expectations.

The EV giant sold 1.76 million electric cars in 2024, per figures released on Wednesday, putting it within touching distance of beating Tesla.

Tesla recorded its first annual sales decline since becoming a publicly traded company, with a 1% decrease in sales in 2024 compared to the previous year.

Douglas McIntyre discusses Tesla’s 20% sales growth in China during the fourth quarter, highlighting the country’s position as the world’s largest EV market. While Tesla’s global sales declined slightly by 1% to 1.