Tesla's annual delivery volume has declined for the first time, facing demand challenges for older models
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Tesla's annual delivery volume in 2024 saw its first decline, despite achieving a record high in deliveries in the fourth quarter. Weak demand for older models, intensified market competition, and the absence of certain European subsidy policies are the main influencing factors. Tesla's stock price fell by 3%. The total annual delivery volume was 1.79 million vehicles, a year-on-year decrease of 1.1%. Analysts expect that market demand may rebound as the Federal Reserve lowers interest rates in 2025
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