Tesla is likely to lower its full-year sales guidance after failing to launch a new lower-cost model as promised. Current predictions suggest a double-digit decline in EV sales for the first half of the year, making recovery in the second half challenging without new products. Experts emphasize the importance of introducing new models to prevent further loss of market share. Concerns grow over the focus on robotaxis, potentially sidelining the core EV business, leading to complications in meeting sales expectations for the year.
Without a new model they'll keep on losing market share, warns one expert.
Without a new model, things will only get worse. It's their only chance in the near term to fill their production capacity of 3 million annual vehicles.
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