Tesla’s sales across Europe fell 48.5% in October compared to the same period last year. For the year, its sales in the region are down about 30%, while EV sales across the industry are up.
Although revenue did not decline as sharply as in the European market, Tesla's revenue in China and the US also recorded its lowest level in many years.
The main reason - in addition to Tesla's aging product line - is fierce competition from many new electric car manufacturers, especially Chinese brands, which offer a variety of models at cheaper prices.
Analysts say Tesla needs a new model to revive sales. However, there appears to be no evidence of a new driverless car in the works as Musk shifts his focus to self-driving robotaxis and humanoid robots.
Musk's new compensation package also doesn't require big sales growth, with the CEO unlocking the bonus if Tesla averages 1.2 million vehicles a year over the next decade, about half a million fewer than 2024 sales.
Source: https://vtv.vn/tesla-doi-mat-voi-ap-luc-doanh-so-100251127160025509.htm
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