CNN —
Last quarter, Tesla posted its first annual sales decline since the pandemic — a drop that was significantly worse than expected. The company blamed a weak Chinese economy, arson at its German factory and supply constraints because of escalating conflict in the Middle East.
Those factors certainly aren’t helping. But Tesla’s problems can’t all be blamed on outside factors. Some of it is inevitable. New competitors have entered the market and, at some point, they had to start taking sales away from Tesla.
And now they are.
Tesla made itself an
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