US EditionTesla’s refresh to best-selling Model Y SUV starts on rocky road
- Tesla launched a refreshed Model Y compact SUV in January 2025, aiming to boost sales amid global market pressures.
- The update features minor design changes like a front light bar but lacks major innovation, leading to weak consumer interest.
- Tesla offers aggressive incentives including 0% financing and discounts in multiple markets, signaling challenges in meeting demand.
- EV analyst Loren McDonald pointed out that the presence of immediate discounts and numerous incentives strongly indicates an underlying issue with demand.
- The slow sales recovery and rising inventory of models like the Cybertruck suggest Tesla faces sustained market competition and reputational challenges linked to CEO Elon Musk's politics.
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Tesla stumbles in key EV market as rivals surge ahead — here's what's fueling the plummet
Tesla has long been the most popular brand of electric vehicles, but the company is experiencing a downturn that could pave the way for other carmakers to take its place. What's happening? As detailed by Reuters, registration data released by industry group ANFAC showed that car sales of new Teslas in Spain fell 36% in April from the previous year, while sales of electric vehicles from other brands "soared." Over the first four months of 2025, s…
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