Teslas Reign as Top EV Seller Ends: BYD Surges Ahead; Musk Pivots to RoboticsTeslas dominance in the electric vehicle market has been challenged as Chinese rival BYD surpassed it in annual deliveries, with a staggering difference of 620,000 vehicles. Teslas deliveries dropped by 16% in the fourth quarter, missing analyst expectations, and the company delivered 1.64 million vehicles in 2022, down from the previous year.Competition is intensifying from players like Hyundai, Volkswagen, and Ford, which saw record EV sales. Domestic demand for Tesla cooled after a $7,500 tax credit expired, and analysts suggest that Teslas models appear outdated compared to newer options.Musks political moves, including his time heading up efficiency efforts in the Trump administration, alienated left-leaning buyers and caused lasting brand damage. In response, Musk is now focusing on robotics and self-driving tech, such as robotaxis, to keep Tesla exciting. Despite a 16% share increase over the past year on hopes for AI breakthroughs, experts warn that theres still a long road ahead to catch leaders like Waymo. Checkout Solipillow.com

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