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Benzinga
217 days

US Electric Vehicle Sales Hit Record 1.3 Million Units In 2024, Despite Tesla Declines: Top 10 Bestselling Models List

1. U.S. EV sales reached 1.3 million in 2024, up 7.3%. 2. Tesla's total 2024 sales declined 5.6%, selling 633,762 units. 3. Tesla's market share fell to 48.7% from 55% in 2023. 4. Ford and GM gained significant sales, impacting Tesla's dominance. 5. Cybertruck ranked 5th in sales in its debut year.

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FAQ

Why Bearish?

Tesla's declining market share could pressure stock performance, mirroring past trends.

How important is it?

Market share decline and increased competition can directly impact Tesla's profitability.

Why Short Term?

Immediate reaction expected as market adjusts to Tesla's weaker position.

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