Tesla's Global Sales Decline
Tesla is experiencing dramatic sales declines globally due to increased competition and CEO Elon Musk's political activities, with sales falling significantly in China, Germany, Australia, and other European markets. Analysts attribute the decline to competition from manufacturers like BYD in China and Musk's controversial political actions.
Key Points
- Tesla is facing a troubling global sales slump with steep declines in major markets like China, Germany, and Australia.
- Competition from manufacturers like BYD in China and Musk's political activities are contributing to the sales decline.
- Tesla's share price has fallen 4.4 percent in a single day and is down 32 percent year-to-date.