Elon Musk’s EV giant Tesla disappointed with its earnings report today, with its first fall in annual deliveries for over a decade. The electric car behemoth, which has been in the news in the last 24-hours after a vehicles exploded in the US outside a Donald Trump-owned hotel,

Tesla delivered fewer cars last year than it did in 2023, marking its first year-to-year drop and signaling that the company is struggling to reach new

Tesla has recorded its first drop in annual sales for a decade after Elon Musk’s support for Donald Trump provoked a backlash from Left-wing motorists.

The delivery figures are the first real piece of fundamental news for Tesla investors since the November election sparked a big rally for the stock.

Tesla Inc.’s annual vehicle sales dropped for the first time in more than a decade despite a year-end push that sent deliveries to a record in the fourth quarter.

Chinese electric-vehicle growth continued in December, with BYD set to take the crown of largest seller from Tesla for the second time. Growth alone, however, wasn’t enough to give all the Chinese EV stocks a boost.

BYD is closing in on Tesla after a record December closed off a good 2024 for the Chinese EV giant. The company sold 4.25 million new energy passenger vehicles last year, according to data released on Wednesday.

China’s BYD Co. enjoyed a year-end surge to push total sales to 4.25 million passenger cars last year, narrowing its gap with Tesla Inc. as the two vie for the crown of top-selling electric-vehicle maker of 2024.

Tesla’s production and delivery numbers for 2024 are out, and the numbers are pretty sobering. The premiere EV company in the US produced 1.77 million cars this year, a drop of about 4 percent compared to the previous year,