25-01-2024, 07:52 PM
Basically it shows the company unable to compete as competitors ramp up production and produce cars with better design and performance at lower prices.
![[Image: sdNV1ch.jpg]](https://i.imgur.com/sdNV1ch.jpg)
Tesla tumbled 7 per cent on Thursday after CEO Elon Musk warned sales growth would slow this year despite price cuts that have already hurt margins and raised investor concerns at the world's most valuable automaker.
Musk said growth would be "notably lower" as Tesla focuses on a next-generation electric vehicle to be made at its Texas factory in the second half of 2025, which is expected to spark the next boom in deliveries.
https://www.channelnewsasia.com/business...24-4074036
![[Image: sdNV1ch.jpg]](https://i.imgur.com/sdNV1ch.jpg)
Tesla tumbled 7 per cent on Thursday after CEO Elon Musk warned sales growth would slow this year despite price cuts that have already hurt margins and raised investor concerns at the world's most valuable automaker.
Musk said growth would be "notably lower" as Tesla focuses on a next-generation electric vehicle to be made at its Texas factory in the second half of 2025, which is expected to spark the next boom in deliveries.
https://www.channelnewsasia.com/business...24-4074036