Reported about 22 hours ago
Tesla investors are preparing for another year of declining sales, following the company's first-ever decline in 2024. CEO Elon Musk's political controversies and the aging vehicle lineup are contributing to a 13% drop in quarterly deliveries. Analysts predict a potential 5-9% decrease in sales for 2025, compounded by intensified competition and a delayed cheaper model. The backlash against Musk's political affiliations could further harm Tesla's brand and market performance.
Source: YAHOO