Tesla's stock price has dropped by nearly a third in 2024 as the company's sales numbers and profits have disappointed. It's been one of the worst performers in the S&P 500 so far this year. Last year, Tesla sales were up 38% compared to 2022, but investors had expected more.Musk elaborated later on the call: “We should be thought of as an AI robotics company. If you value Tesla as just an auto company — it's just the wrong framework. If you ask the wrong question, then the right answer is impossible.” He went on to encourage the autonomous nonbelievers to get lost.The stock's valuation is partly wrapped up in the narrative: The Tesla mythology is that it's more than a car company. It's a software, robotics, energy, and artificial intelligence company that also happens to make cars.

Is Tesla losing popularity : Tesla Losing Ground

Tesla's market share fell to 51.3% during the first quarter – down from 61.7% a year earlier. Tesla sales in the U.S. were down 13.3% year over year – well below the typical double-digit growth that had become routine with the Tesla brand.

Is Tesla losing customers

Tesla posted its first annual drop in sales since the first year of the pandemic, as increased electric vehicle competition from Chinese and Western automakers ate into demand.

Why Tesla is not famous : There are several reasons for this, including his personality, his business acumen, and the fact that he was overshadowed by his contemporary, Thomas Edison. Tesla was a very private person who did not like to give interviews. He was also not interested in money or fame, and he often gave away his inventions for free.

The ownership structure of Tesla (TSLA) stock is a mix of institutional, retail and individual investors. Approximately 31.45% of the company's stock is owned by Institutional Investors, 13.64% is owned by Insiders and 54.91% is owned by Public Companies and Individual Investors.

Who Are Tesla's Top 3 Competitors Ford, GM, NIO, and Volkswagen are four of Tesla's main competitors. In 2022, the Chinese manufacturer BYD sold more than 1.85 million plug-in electric cars, more than tripling its 2021 result of 593,745.

Is Tesla a successful car

💡As a result of being true to its mission and pushing the boundaries of what is possible, Tesla has become a household name worldwide and a leader in the automotive industry, with a net worth of $797.05 billion.Competition From Other EV Automakers

Pre-owned Teslas are trading at lower sticker prices as the company fights to regain its dominance in the suddenly crowded EV market. “This was a natural development as more competitors entered the market.Tesla reported that first-quarter revenue was $21.3 billion, down 9% from last year as worldwide sales dropped nearly 9% due to increased competition and slowing demand for electric vehicles.

Tesla's stock sank 3%, hitting its lowest intraday level since April 27, 2023 at about $154 per share. With shares down nearly 40% this year, Tesla's market capitalization has tumbled from $790 billion to below $490 billion, a far cry from its late 2021 peak of over $1 trillion and moving against broader gains.

Is Tesla struggling financially : Against this backdrop, Tesla reported $1.1 billion in net income on $21 billion in revenue, down 9 percent from $23.3 billion the same time last year. The company's profits, once the envy of the auto industry, are at their lowest in six years thanks to rampant price cutting and slowing demand.

Does Tesla have a bad reputation : Tesla's Buzz scores stayed consistently negative through 2023 among YouGov's “all US adults” category, with an average score of -7.1 in a score range of -20 to 90, and its scores dipped a bit further following the Autopilot ADAS recall in December.

Why is Tesla not luxury

In part, Butters notes, the shift from being a luxury brand to a household name comes from Tesla's price cuts made last year, and as Tesla prepares to produce an ever higher-volume, lower-priced “Model 2” vehhicle next year.

The ownership structure of Tesla (TSLA) stock is a mix of institutional, retail and individual investors. Approximately 31.45% of the company's stock is owned by Institutional Investors, 13.64% is owned by Insiders and 54.91% is owned by Public Companies and Individual Investors.Key Takeaways. Elon Musk is the largest individual Tesla shareholder, holding 715.022 million shares, representing 20.6 of Tesla ownership. The Vanguard Group is Tesla's biggest institutional investor, holding 225.94 shares, representing 7% of Tesla ownership.

Which company can beat Tesla : Tesla Competitors: 7 Rival EV Stocks to Buy

Stock	Implied upside over Feb. 9 close
XPeng Inc. (XPEV)	112%
General Motors Co. (GM)	94.5%
Toyota Motor Corp. (TM)	3.9%
Ford Motor Co. (F)	65.6%