Tesla Faces Sales Slump as Demand Wanes and Interest Rates Rise

Tesla Inc. may be facing a challenging milestone with a potential drop in sales, attributed to decreasing demand for electric vehicles and the impact of elevated interest rates. Analysts have significantly revised down their sales forecasts, with some anticipating Tesla's first sales decline since the early days of the pandemic. This development comes as a reflection of the shifting market dynamics, indicating the impact of economic factors on the electric vehicle industry.