Investors are in a panic and are wondering about the future of the electric car behemoth after seeing a sharp decline in its stock price. Tesla’s demise has been caused by a number of factors:
Declining EV Demand: Tesla’s market share has been reduced by growing competition from both younger companies like BYD and more established ones like Ford, GM, and Volkswagen.
manufacturing and Delivery Challenges: Tesla has been unable to reach sales targets due to supply chain problems and manufacturing delays.
Price reductions and profit margins: Tesla’s profitability has suffered greatly as a result of having to lower car pricing in order to remain competitive.
Investor Misgivings About Musk’s Leadership: Musk’s emphasis on other projects, especially Twitter, has raised worries that Tesla is being overlooked.
There are now significant obstacles facing the once-dominant EV maker, and many are questioning if Musk can turn things around before Tesla loses its top position in the market.
