As Tesla flags, its hungry Chinese rivals are having a great week

Tesla annual sales declined for the first time in over a decade.The US EV giant sold 1.79 million cars in 2024, a 1% drop from the 1.81 million sold in 2023.Tesla is still the world's largest EV maker but Chinese rivals like BYD are closing in on it.Chinese auto companies like BYD are giving Tesla a run for its money this week.Advertisement On Thursday, Tesla announced that it had delivered 1.79 million vehicles last year, a 1% drop from the 1.81 million vehicles it delivered in 2023. This is the first tim ...