U.S. electric vehicle maker Tesla said on Friday its sales rose 8.8% to a record high of more than 657,000 cars in 2024, a strong performance in a competitive market in a year when its annual global deliveries fell for the first time.

There does not appear to be an obvious savior on the horizon for Tesla, either. The Cybertruck remains the company’s most identifiable vehicle thanks to its futuristic dumpster vibe, but the company shipped fewer than 50,000 units in 2024 and it seems like the demand for the truck is flattening out or declining.

China's BYD, however, looks set to close the gap after reporting 1.76 million EV sales in 2024. The Shenzhen-based firm's total vehicle sales jumped more than 41% in 2024, year-on-year, to more than 4.2 million. The surge was powered mainly by sales of its hybrid cars.

Just a day after Elon Musk-owned electric vehicle maker Tesla reported its first-ever decline in annual vehicle sales in 2024, two other U.S. automobile powerhouses released data reflecting their biggest sales volumes in five years,

Tesla reported record-breaking sales in China for 2024, marking an 8.8% increase to over 657,000 vehicles sold in its second-largest market. This performance stands in contrast to the company’s first-ever global delivery decline,

Tesla has posted its first annual sales drop in more than a dozen years, sending its stock tumbling, as CEO Elon Musk has kept busy in the last half-year inserting himself into Donald Trump's campaign

Tesla reporting its first ever annual sales drop as a public company in 2024, slowing EV adoption, increased competition, and low gas prices.

Tesla’s total sales for 2024 dropped 1.1% to 1,789,226 vehicles. The market considered this bad news, but Tesla’s