Why does Tesla have stalled cars even though it is the market leader?

Why does Tesla have stalled cars even though it is the market leader?

Even being a reference in the electric car market, Tesla It has stalled cars at the beginning of the year and is being sold to clear inventory, mainly outside the US. But why is the leading brand in electric and autonomous vehicles in this situation?

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There is not one reason, but many. The problem seems to be worse in 2022 and bring concern to Elon Musk early 2023.

Despite its patios becoming more crowded with cars, Tesla sold 1.3 million units in 2022, according to The New York Times, a figure 40% higher than the previous year’s results. Find out below why this account is not closing.

Why Tesla has stalled cars if it sold more in 2022?

As mentioned, there are several reasons. The first is supply greater than demand. Tesla produced, especially in China, more cars than the market wanted last year. The brand was expected to grow by 50%, but the top was 40%. As a result, at least 10% of the cars produced remain idle.

Another impact brought about in 2022 was increased competition in the electric vehicle market. BYD, for example, surpassed Tesla in the number of registered vehicles. At the same time, Volkswagen, General Motors and Ford produced affordable models with technology.

Especially in the United States, the increase in interest rates also had an impact on sales while, worldwide, the controversy and dislike of the owner of Tesla, Elon Musk, had a negative impact on the car maker.