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Why are Tesla sales and shares falling?
March 17, 2025
|The Morning Standard
ELON Musk's Tesla is facing significant challenges as its global sales and stock prices are tumbling.
The company, which has long dominated the electric vehicle (EV) market, is now struggling to compete with Chinese automakers like BYD, which recently overtook Tesla as the world's largest EV producer.
Adding to Tesla's woes, Musk's controversial political views and affiliations have alienated some consumers, further impacting sales and investor confidence.
In 2024, Tesla produced 1,774,442 electric vehicles, falling just 4,500 units short of BYD's 1,777,965. The decline in Tesla's sales is particularly evident in its two largest markets: the United States and China.
هذه القصة من طبعة March 17, 2025 من The Morning Standard.
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