Tesla CEO Elon Musk recently spoke out about the slowdown in global electric car sales, attributing it to a lack of “compelling” models from other car manufacturers. Despite Tesla itself experiencing a decrease in deliveries, Musk pointed fingers at rival brands for not being able to produce attractive electric vehicles.
While the growth in electric car sales is still positive, it has definitely slowed down compared to previous years. This trend is not exclusive to Tesla, as other car makers have also reported declines in demand for their electric vehicles. In response to this shift, some companies have started to focus more on hybrid vehicles rather than solely electric ones.
Musk emphasized Tesla’s commitment to electric vehicles, stating that the company firmly believes in the future of battery-electric technology. He also highlighted the importance of autonomous driving technology as a key revenue driver for the company. According to Musk, Tesla is on track to potentially achieve fully autonomous driving by the end of this year, although he acknowledged that his past predictions on this matter have been overly optimistic.
In terms of sales, Tesla’s chief financial officer Vaibhav Taneja mentioned that a significant portion of the company’s recent deliveries in the US were to new customers. Taneja also noted that Tesla has been investing in advertising and other awareness programs to attract more customers.
Overall, Tesla remains optimistic about the future of electric vehicles and autonomous driving technology. Despite the current challenges in the market, the company is focused on continuing to innovate and provide customers with cutting-edge products. With Musk’s bold vision for the future, it will be interesting to see how Tesla navigates the evolving landscape of the automotive industry in the coming years.
