Tesla’s stock dropped 7% following its fourth-quarter report, revealing a 1.5% decline in annual vehicle deliveries for 2024 amid fierce competition from rivals like Hyundai and BYD. CEO Elon Musk hinted at slower growth and is focused on introducing lower-cost models to boost sales, aiming for 20% to 30% growth in 2025 as the company navigates a challenging market landscape. Source and details of the news
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