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Why Tesla's sales have plummeted across the world

Tesla's sales have experienced a significant decline globally due to several factors. In the U.S., increased competition from other electric vehicle manufacturers and a lack of affordable new models have impacted sales. In China, Tesla faces fierce competition from local EV makers like BYD, NIO, and Xpeng, who offer vehicles at lower price points and with features tailored to local preferences. Additionally, Tesla's sales in Europe have been affected by economic uncertainties, supply chain disruptions, and a shift in consumer demand towards more budget-friendly electric options. Furthermore, Tesla's CEO Elon Musk's controversial public statements and actions have potentially alienated some customers. The company also contends with production challenges, including factory shutdowns due to the global health crisis, and issues with vehicle quality and customer service, all contributing to a dip in consumer confidence and sales figures.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/money/technology/why-tesla-s-sales-have-plummeted-across-the-world/ar-AA1yxFIG ]