Tesla sales dropped 1.1% in 2024, its first annual decline in a dozen years

Tesla has reported its first annual sales drop in over a dozen years, with global vehicle sales rising 2.3% in the final quarter thanks to 0% financing, free charging and low-priced leases.

Tesla sold about 1.78 million cars in 2024, falling just short of the previous year's 1.8 million and rounding out a difficult year for electric vehicles overall, the company said Thursday.

During the fourth quarter of 2024, Tesla delivered 495,570 cars to customers.

Analysts polled by Bloomberg had expected about 510,000.

Reference Sources

1. abc - Tesla sales dropped 1.1% in 2024, its first annual decline in a dozen years
2. euronews - Tesla posts a sales drop for the first time in 9 years
3. theguardian - Tesla shares fall 3.5% as company reports first decline in annual deliveries
4. thestarmy - Tesla reports 1.1 pct sales drop for 2024
5. businessinsider - Tesla shows it's not immune to the EV slowdown

Commerce Department seeks to secure drone technology, supply chain from China, Russia​​​​​​

The US Department of Commerce has proposed a rule to secure the technology and supply chain of drones from foreign adversaries, including the potential ability of China and Russia to remotely access and manipulate the devices to expose sensitive US data.

The rule, proposed by the Department's Bureau of industry and security (BIS), seeks to implement a rule that would explain how foreign adversary involvement in "supply chains, including acute threats from China and Russia--may offer our adversaries the ability to remotely access and manipulate these devices, exposing sensitive us data."

The public has been given the opportunity to express their opinions on the issue of protecting the drone supply chain until March 4."

China accounts for the majority of commercial drone sales in the US.

Reference Sources

1. abc - Commerce Department seeks to secure drone technology, supply chain from China, Russia
2. newsukraine - US may ban use of Chinese drones: What is known
3. nytimesen - U.S. Weighs Ban on Chinese Drones, Citing National Security Concerns

Apple offers discounts up to $68 in China on iPhone 16 Pro and Pro Max

(Source: Apple)

Apple is offering discounts on its top-end iPhones and other products in China for the upcoming Chinese New Year as the US tech giant faces heightened competition in one of its most crucial markets.

The Cupertino giant is giving customers CNY500 ($68.50) off of the iPhone 16 pro or iPhone 16 pro Max, and CNY400 off the iPhone 16 or iPhone 16 plus. Offers also include discounts for the iPhone 14 and iPhone 15.

Reference Sources

1. quartz - Apple is giving discounts on iPhones in China to compete with Huawei
2. nikkei - Apple offers discounts up to $68 in China on iPhone 16 Pro and Pro Max
3. aawsat - Apple Offers iPhone Discounts in China as Competition Intensifies
4. thejakartapost - TheJakartaPost
5. cnbc - Apple offers holiday discount in China as Huawei competition heats up

The CommonWealth English daily news digest is a service curated by CommonWealth English team with the help of AI tools.

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