Despite a recent push to make its electric vehicles more affordable, Tesla's sales are continuing to decline, raising concerns about the company's ability to stay competitive in a rapidly evolving market. In an effort to boost demand, Tesla has been offering discounts and incentives on its lower-end models, including the Model 3 and Model Y. However, these price cuts have failed to stem the tide of declining sales, which have been impacted by a combination of factors including increased competition from other electric vehicle manufacturers and a softening of demand in key markets. As the electric vehicle landscape becomes increasingly crowded, Tesla will need to find a new strategy to reverse its sales slide and regain its position as a market leader.
Tesla’s cheaper vehicles aren’t helping its declining sales TechCrunch