Sales of existing homes in the US fell last year to the lowest level in almost three decades, as sky-high home prices and elevated mortgage rates squeezed home buyers.

Sales of previously occupied U.S. homes fell in 2024 to a nearly 30-year low for the second year in a row as elevated mortgage rates, rising home prices and a low level of properties on the market kept many prospective homebuyers out of the market.

Tesla launched a refreshed version of its best-selling Model Y in the US and Europe as the company looks to reverse its first annual sales decline in over a decade.

Tesla's Chinese market share is strong — but not as strong as the hold the California-born, Texas-based EV startup has on the U.S. car market. According to data from Cox Automotive, Tesla's Model Y was the best-selling EV in the domestic market last year by a wide margin (and one of the best-selling passenger vehicles overall) — and now,