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Tesla (TSLA) Sales Plunge on Rising Competition and Stale Models After Tax Credit Surge

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • Tesla faces steep sales declines in Europe and China amid rising competition and stagnant model lineup, although U.S.
  • sales showed temporary tax credit-driven growth.
  • Market share erosion and lack of new models weigh on outlook, leading to expected delivery declines through 2024 and 2025.
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TSLA price history

358.99 -14.40% over the displayed period

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