. This comes despite a year-end push from the Austin, Texas-based automaker meant to make up the difference in the fourth quarter. Still, Tesla Here’s why this down tick happened for Tesla in 2024: The results offer a sobering reminder of the real-world challenges for EV makers, even as hype around driverless cars and Musk’s closeness with President-elect Donald Trump have sent Tesla’s stock soaring in recent months. Lukewarm consumer demand is weighing on sales of electric cars, an issue that could be exacerbated by Trump’s push to rein in EV incentives. [...]Tesla faced a series of setbacks earlier in the year, including an arson attack at its Berlin factory, shipping diversions and an industry-wide slowdown in EV sales. And it has told investors that demand for its all-electrics is between two major growth waves. In April, the Austin-based automaker cut more than 10% of its workforce, including sales staff. Advertisement