Tesla's cheaper vehicles fail to boost declining sales

Tesla's first-quarter deliveries saw a marginal 6% increase year-over-year, a figure that fails to mask a concerning downward trend. The company is now facing the prospect of a third consecutive year of declining sales, despite efforts to introduce more affordable vehicle options. This data point underscores persistent challenges in maintaining sales momentum and suggests that pricing strategies alone are not sufficient to counteract broader market pressures or internal production-sales imbalances. Investors and analysts are closely watching for strategies to reverse this trajectory.