Overview

• Tesla reported its first year-over-year sales drop in four years, signaling potential challenges ahead.
• The company's stock price has plummeted, influenced by layoffs and strategic uncertainties.
• Elon Musk canceled the low-cost Model 2 project, focusing instead on developing a fully autonomous robotaxi.
• Tesla's market share in the U.S. EV market has decreased from 65% in 2022 to 51% in 2023.
• The company faces increased competition from other automakers, which have seen rising EV sales.