Written by Cláudio Afonso | LinkedIn | X
Tesla’s registrations in the U.S. dropped 10% year over year in January, Motor Intelligence estimates. The company registered 48,500 vehicles, down from the 53,830 recorded a year ago.
California New Car Dealers Association said on Monday that registrations in the state fell 12% from January 2024.
Tesla registered 1,141 vehicles in France last month, a 63% decline from the 3,118 recorded in January 2024, industry showed on Monday. Registrations in the Netherlands fell 42% to 927 units.
In the U.S., Ford vehicle sales dropped 6% to 135,506 vehicles while GM posted a 19% increase with nearly 194,000 vehicles registered — including ICE, fully electric and hybrid models.
The EV startups Lucid and Rivian posted mixed results with Lucid recording a 51% growth to 665 units as it prepares to start customer deliveries of its second model, the Gravity SUV. Rivian sales dropped 39% from a year ago to 3,060 vehicles.
The Geely-backed EV brand Polestar registered 505 vehicles, down 40% from a year ago. The Vietnamese brand VinFast nearly doubled its figures to 595 units.
Last week, at the Q4 earnings call, Tesla CEO Elon Musk said he “sees a path” of Tesla being the most valuable company in the world by far.”
Musk added later in the call that the company is “setting up for what I think will be an epic 2026 and a ridiculous ’27 and ’28, ridiculously good.”
Tesla reported full-year net income of $8.4 billion, down 23% from 2023 and 40% from the record $14.1 billion profit in 2022. Full-year revenue rose 1% to $97.7 billion, marking a new record for the tech company.
