Tesla's China sales hit record high in 2024, bucking global decline

Published On Jan 3, 2025, 3:11 AM

Tesla reported a record high of 657,000 car sales in China for 2024, reflecting an 8.8% increase despite a global sales decline of 1.1%. This surge in China, which accounted for 36.7% of Tesla's deliveries, comes amid a competitive market where other regions, particularly Europe and the U.S., are experiencing reduced demand. The growth in China contrasts with global trends and highlights its position as a driving force in the electric vehicle market, contributing significantly to global EV sales growth.