Reported 22 days ago
Tesla is facing significant challenges beyond CEO Elon Musk's political engagements, including declining vehicle demand, increased competition, and the loss of regulatory credits impacting revenue. Despite a strong fourth quarter in 2023, Tesla experienced its first year-over-year delivery decline in 2024. Analysts highlight issues such as brand fatigue and the absence of an affordable EV model as critical factors in Tesla's struggles, while upcoming regulatory changes threaten its profit margins. The company must focus on execution and innovation amidst growing competition in the EV market.
Source: YAHOO