Tesla faces sales pressure.

VTV.vn - Electric car manufacturer Tesla is facing sales pressure in the world's three largest automotive markets: Europe, China, and the United States.

Tesla's sales across Europe fell 48.5% in October compared to the same period last year. For the year as a whole, the company's sales in the region are down approximately 30%, while overall electric vehicle sales have increased.

Although revenue didn't decline as sharply as in the European market, Tesla's revenue in China and the US also recorded its lowest levels in years.

The main reasons – besides Tesla's product line being considered outdated – are the fierce competition from many new electric car manufacturers, especially Chinese brands, which offer a wider variety of models at lower prices.

Analysts suggest Tesla needs a new model to revive sales. However, there appears to be no evidence of a new human-powered vehicle in development, as Musk is shifting his focus to self-driving robotaxis and humanoid robots.

Musk's new compensation package also doesn't require massive sales growth, as the CEO can unlock the bonus if Tesla averages 1.2 million vehicles per year over the next decade, about half a million fewer than the 2024 sales figure.

Source: https://vtv.vn/tesla-doi-mat-voi-ap-luc-doanh-so-100251127160025509.htm