Originally Published 6 months ago — by Wolf Street
In major California markets, home inventories have surged to their highest levels since 2016, with active listings increasing significantly across regions like Los Angeles, San Francisco, and Orange County. Despite the rising supply, demand has sharply declined, evidenced by longer days on market and a 38% drop in pending sales, driven by high prices that have suppressed buyer interest and led to increased seller frustration and delistings.
Tesla's quarterly vehicle deliveries dropped 13.5% to 384,122 units, marking a potential second consecutive annual decline amid waning demand influenced by Musk's political stance and an aging lineup, with market concerns over brand damage and challenges in boosting sales despite new models and robotaxi initiatives.
Tesla faces declining deliveries and waning demand in 2025, worsened by Elon Musk's controversial political stances and leadership decisions, leading to a challenging start to the year for the automaker.
