Tesla missed its annual deliveries for the first time in over a decade. Tesla reported quarterly sales that missed analysts expectations and delivered a total of 495000 cars last quarter which was below the 510000 cars expected world-wide.
Tesla, is facing stiff competition from China’s BYD where EVs are being sold at a rapid pace and a general slowdown of EV adoption across Europe due to the removal of rebates for EVs.
The stock is down 6% for the trading day