Tesla's latest quarterly production and delivery report revealed a 14 percent drop in production and a 4.76 percent drop in deliveries compared to the same period last year, signaling a persistent demand challenge.
The company's struggles are attributed to factors like production issues with the Model 3, supply chain disruptions in Berlin, increasing competition from other automakers, and limited vehicle lineup diversity.
Tesla's market share has reduced to around 50 percent due to intense competition since 2020, while newer EV models from traditional automakers are experiencing growth, contrasting Tesla's declining sales performance.
Factors contributing to Tesla's sales decline include controversial actions by Elon Musk, reliance on a limited model range for sales, and the divisive nature and recurrent setbacks of the Cybertruck.
Collection
[
|
...
]