Global EV sales numbers likely won’t be fully collated till next month, but analysts say that in the US, electric vehicles seem to be on track for a pretty reasonable 8 percent of all car sales in 2024.

Tesla Inc. disappointed investors on Thursday, reporting sales of 495,570 electric vehicles in the fourth quarter and of 1.789 million for all of 2024, falling slightly short of Wall Street estimates and, in a first for the company, lagging the previous year’s total.

Tesla sales declined for the first time in the company’s history last year, reflecting what analysts said was a lack of new models.