After a monstrous stock rally following November’s presidential election, Tesla (TSLA) reported its first annual decline in electric vehicle delivery, highlighting the growing disconnect between its high-flying stock price and its core automobile business.

Tesla Inc. recorded its first-ever drop in annual shipments from its Shanghai plant since the facility started mass production in 2020, a clear sign of the intensifying local competition and lukewarm global demand.

In 2024, Tesla made 1,773,443 electric vehicles, America's EV leader said on Thursday. (Since Tesla only makes EVs, that’s also its total production number for the year.) BYD, meanwhile, churned out 1,777,965 EVs, about 4,500 more than Tesla did, the firm said this week.

The Cybertruck bomber Matthew Livelsberger left a ‘suicide email’ claiming China is using drones to spy on the US and a separate note saying the bombing was ‘not a terrorist attack, but a wake-up call’.

Tesla achieved record EV sales in China, with December marking an 83,000-unit milestone, up 12.8% from November. For 2024, Tesla sold 657,000 vehicles in China, an 8.8% increase year-on-year.

Tesla (NASDAQ: TSLA) stock is seeing strong bullish momentum in Friday's trading. The electric vehicle (EV) company's share price was up 6.9% as of 3:15 p.m. ET amid the backdrop of a 1.2% gain for the S&P 500 index and a 1.

Though Tesla (TSLA) global deliveries slipped 1.1% in 2024, sales in China mustered up despite ongoing price wars and stiff competition from homegrown brands

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.

Tesla has had the week from hell and it just got a whole lot worse after Chinese EV company BYD dropped a bombshell update. After seeing a Cybertruck explode outside a Trump hotel, this week has just got even worse for Elon Musk.

Model Y 'Juniper' is expected to feature many updates as seen in the Model 3, and introduce a new long-wheelbase version in China