Tesla's drop in annual sales marks the first year-over-year decline. However, analysts think the launch of Tesla's lower-priced EV this year, the growing uptake of its full self-driving software, and the robotaxi testing could take the company's market cap beyond £1.

Tesla reported its first annual decline in vehicle deliveries since 2012, with 1.79 million vehicles delivered in 2024, down 1% from the prior year. Despite a 2% rise in Q4 deliveries driven by promotions like interest-free financing,