Tesla Sales in the US Plunge to Lowest Level Since 2022
Tesla is facing significant challenges in the American market as recent figures show a sharp decline in vehicle deliveries. The company’s sales fell to approximately 39,800 units in November, marking a substantial drop of 23 percent compared to the same time last year.
This represents the lowest monthly sales volume for the electric vehicle giant since January 2022. Industry analysts attribute this downturn largely to the expiration of federal tax incentives that had previously buoyed demand.
The removal of the $7,500 tax credit has sent shockwaves through the entire electric vehicle sector. As a result, the broader US market for battery-powered cars shrank by over 40 percent during the same period.
Interestingly, because Tesla’s competitors suffered even steeper declines, the company’s market share actually increased to nearly 57 percent. However, this statistical win does little to hide the reality of shrinking overall demand.
In an attempt to counter these headwinds, Tesla introduced cheaper versions of its popular Model 3 and Model Y vehicles in October. Unfortunately, reports suggest these lower-priced options failed to attract enough new buyers and instead cannibalized sales of more expensive trims.
The company is now navigating a difficult landscape with an aging vehicle lineup and high interest rates. Investors and analysts are closely watching to see if new strategies can reverse this negative trend in the coming months.
Do you think Tesla can recover its sales momentum without new government incentives? Let us know what you think in the comments.
