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Tesla reports its first-ever annual drop in deliveries

Tesla has reported the first-ever decline in annual deliveries. The company’s stock has suffered as a result.

Entities like BMW, GM, Hyundai and Volkswagen have all begun cranking out electric vehicles in large numbers. Tesla is currently trading at $380 per share, all while selling significantly fewer vehicles than Ford and, well, just about every other major automobile manufacturer. Maybe rival stocks would shoot up if the big US auto companies started putting more effort into humanoid robots that don’t actually do anything.

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