"Tesla's Record 2023 EV Sales Surge Despite Stock Dip and Rising Chinese Competition"
TL;DR
Tesla achieved its sales goal by selling 1.8 million electric vehicles in 2023, but the growth rate of 38% fell short of Elon Musk's target of 50%. Despite setting a new sales record, Tesla faces increasing competition, particularly from Chinese automaker BYD, which surpassed Tesla in EV sales in Q4 2023. Tesla's market share is also slowly declining in the US, and its share price dropped by nearly 5% following the sales announcement.
Topics:businessbusiness-and-finance##automotiveindustry#business-and-finance#electricvehicles#elonmusk#evsales#tesla
- Tesla sold 1.8 million electric vehicles in 2023 Ars Technica
- Tesla Stock Falters After Reporting Record Deliveries. Here's Why Wall Street Is Keeping Its Powder Dry. Investor's Business Daily
- Tesla Kept EV Sales Crown in 2023, but China's BYD Is Closing In Autoweek
- Tesla (TSLA) releases Q4 delivery results, breaks another record Electrek.co
- Tesla Sales Rebound After Steep Price Cuts The New York Times
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