| Updated: 03-01-2025 00:55 IST | Created: 03-01-2025 00:55 IST This image is AI-generated and does not depict any real-life event or location. It is a fictional representation created for illustrative purposes only. SHARE Tesla has experienced its first annual delivery decline, signaling trouble for the automaker as investor fears mount following a nearly 6% drop in share price. CEO Elon Musk's expected growth faltered, with incentives failing to invigorate demand for Tesla's aging lineup. Competition from China's BYD and decreasing European subsidies further pressured Tesla, prompting Musk to pivot towards self-driving taxis and politically align with President-elect Donald Trump for regulatory benefits. While Elon Musk anticipates improvement, analysts suggest Tesla must lean on cost-effective models to achieve projected growth. The company fell short of delivery estimates by handing over 495,570 vehicles in Q4, contrasting with BYD's sales boost. Despite future self-driving tech entering into Tesla's plans, the market remains sceptical. Legislative hurdles and model shortcomings contribute to a complex road ahead for Tesla. (With inputs from agencies.)