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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.

- JON ROBINSON

Tesla UK sales woe illustrated by 2024 revenue fall of £500m

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’.

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