Tesla Overtakes Audi: A Turning Point in the Electric Vehicle Market

Tesla surpasses Audi in global car sales, despite challenges.
Matilda
Tesla Overtakes Audi: A Turning Point in the Electric Vehicle Market
In a significant milestone for the electric vehicle (EV) industry, Tesla Inc. surpassed Audi, a renowned German luxury car manufacturer, in global vehicle sales during 2024. This achievement comes despite Tesla facing a series of challenges, including declining EV sales in key markets, increased competition, and regulatory scrutiny. Tesla's 2024 Performance: A Mixed Bag While Tesla delivered a record-breaking 1.79 million vehicles in 2024, surpassing its previous year's sales, the company faced headwinds throughout the year. Declining Sales in Key Markets: Tesla experienced a slowdown in sales in China, its second-largest market, due to intensifying competition from local Chinese brands and price cuts to maintain market share. US Safety Probe: The company faced scrutiny from US regulators over its Autopilot driver-assistance system, raising concerns about safety and potential recalls. Elon Musk's Leadership: Elon Musk's involvement in other ventures, such as Twitter, and hi…