Tesla's redesigned Model Y has not revived vehicle sales, continuing a downward trend in deliveries. Analysts suggest the need for more diverse models.
Musk takes over Tesla's Europe, U.S. sales after Afshar's exit
Elon Musk has taken direct oversight of Tesla's sales in Europe and the U.S., following the departure of longtime deputy Omead Afshar, amidst declining vehicle deliveries.
The automotive industry accounts for nearly 5% of annual GDP, reflecting its vital role in the U.S. economy, with new vehicle sales showing a bright future.
With SUVs making up about 58% of vehicle sales in 2024, they dominate the market, leading to higher prices. Sedans, like the Kia K4, present a budget-friendly alternative.