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Tesla readies for sales slowdown

Tesla is anticipated to report slow first-quarter deliveries next week, reflecting diminishing effects from price reductions and stiff competition in a decelerating electric vehicle market. Following a period of rapid growth, Tesla is preparing for a slowdown in 2024, exacerbated by its delayed model refreshes amid consumer reluctance for large purchases due to high interest rates. Analysts suggest Tesla's relentless price cuts have led to margin erosion and decreased vehicle value, contributing to a nearly 30% drop in its stock value this year.

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