Although sales rose in the last quarter of 2024, Elon Musk’s Tesla saw its first annual sales drop in more than 12 years.
Observers credit 0% financing, free charging and low-priced leases for the 2.3% gain in the final quarter of 2024 but it still wasn’t enough to overcome the slumping sales earlier in the year.
Despite the slugging sales, the Texas-based company sold 1.79 million vehicles for the entire year.
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