Tesla’s sales witnessed a significant decline over the past quarter, marking its poorest performance since the 2020 pandemic shutdowns. The drop exceeded analysts’ expectations and is attributed to various factors, including supply chain challenges, shipping disruptions in the Red Sea, and an arson incident at Giga Berlin. Despite Tesla’s efforts to mitigate these challenges, such as the rollout of the revamped Model 3 in California, the company faces a challenging sales landscape.
Furthermore, a recent survey indicates that Tesla CEO Elon Musk may be contributing to the company’s diminishing reputation. As other automakers are projected to narrow the gap in the electric vehicle market, questions arise about whether Musk’s actions are impacting Tesla’s sales trajectory.
Meanwhile, Rivian’s R1T truck garners attention for its impressive safety credentials, securing the top spot on the IIHS Top Safety Pick+ list for 2024. As the sole electric truck to achieve this distinction thus far, the R1T’s performance in rigorous safety tests underscores the potential of fully electric vehicles to prioritize passenger protection.
