Tesla's Risky Strategy: Relying on Legacy Models

Reported about 10 hours ago

Tesla, relying heavily on its successful Model 3 and Model Y, faces challenges as it has introduced few new models since their launch, particularly with the Cybertruck underperforming. CEO Elon Musk's focus on self-driving technology over traditional vehicle development raises concerns among analysts about Tesla's long-term growth, especially as competitors release new models rapidly. Despite slight cosmetic updates, Tesla has not significantly refreshed its core models in years, risking customer loyalty in an industry where innovation is critical.

Source: YAHOO

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