Tesla Sales Plummet, Despite New Models
Update: 2025-12-12
Description
Teslas U.S. sales plummeted by nearly 23% in November, reaching a three-year low, despite introducing cheaper electric vehicles. The broader EV market also saw a 41% drop, likely due to the end of a $7,500 federal tax credit. Analysts suggest Tesla needs to launch new models to boost demand, as the current lineup is aging and the cheaper Standard variants may be cannibalizing sales of premium models.
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