Try GOLD - Free
Tesla UK sales woe illustrated by 2024 revenue fall of £500m
The Journal
|September 27, 2025
SALES at the UK division of Elon Musk’s Tesla tumbled by more than £500m, while profits were also cut during its most recent financial year.
A Tesla Model 3 car on the roads in central London
(Tesla)
The Manchester-based operation has recorded revenue of £1.94bn for 2024, according to fresh accounts lodged with Companies House. It followed Tesla achieving UK revenue of £2.47bn for 2023.
The report also shows that the firm’s pretax profit dropped from £32m to £19.4m during the same timeframe.
Tesla said its revenue performance was “driven by product mix and incentive programs’.
This story is from the September 27, 2025 edition of The Journal.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Journal
The Journal
OUR MAIDEN VOYAGE
From pub gigs to super-stardom, bassist Steve Harris chats to GARRY BUSHELL about Iron Maiden's 50-year odyssey
3 mins
October 10, 2025
The Journal
Wind farm developer axes quarter of workforce
OFFSHORE wind developer Orsted is cutting around a quarter of its global workforce by the end of 2027 in a pull-back after years of recent expansion.
1 min
October 10, 2025
The Journal
Baby dies in hospital
A baby who was rushed to hospital on Sunday has died in Newcastle's Royal Victoria Infirmary.
1 min
October 10, 2025
The Journal
Lloyds likely to increase its fund for motor finance claims
LLOYDS Banking Group yesterday announced that it would be likely to increase its motor finance provisions following further updates on the regulatory redress scheme.
1 mins
October 10, 2025
The Journal
Water bills set to rise by more than expected
WATER bills in the North East are likely to rise more than was previously expected after the competition authority allowed Northumbrian Water an additional increase.
2 mins
October 10, 2025
The Journal
Djok battles China heat to make semis
NOVAK Djokovic said he was trying to \"stay alive\" after battling through to the semi-finals of the Shanghai Masters.
1 min
October 10, 2025
The Journal
Lewis dreaming of Hull hat-trick
MIKEY Lewis believes Hull KR are ready to seize the moment and wrap up an historic treble with victory over Wigan in Saturday’s Super League Grand Final at Old Trafford.
2 mins
October 10, 2025
The Journal
Doubts raised over fitness of Brobbey
A QUESTION-mark over Sunderland striker Brian Brobbey's fitness has been raised by former Ajax manager John van 't Schip.
1 mins
October 10, 2025
The Journal
Hopes reef cubes will help rebuild native oyster population
CONCRETE-LIKE \"cubes\" housing 4,000 oysters have been placed in the North Sea to shield the species from storms and tidal surges.
3 mins
October 10, 2025
The Journal
STAN DELIVERED NO.1 MOMENT FOR TYLER
MARTIN TYLER'S favourite match to commentate on was not Manchester City's iconic title-winning clash with QPR.
1 min
October 10, 2025
Listen
Translate
Change font size