Tesla's latest Model Y release is facing challenges as the new models are struggling to find buyers, contrary to expectations of being a game-changer.
Industry analysts note that the Model Y vehicles are remaining unsold on dealership lots nationwide, leading to concerns about demand for the vehicle.
Tesla offering 0% financing on the new Model Y is seen as an unusual move, indicating potential demand issues despite the company's global EV dominance.
Competition from other EV manufacturers and controversies surrounding CEO Elon Musk are believed to be contributing factors to Tesla's declining sales, prompting the company to focus on heavy incentives and future projects.