<div id="readability-page-1"><div><div>                                                                                                                                                <p>Cox Automotive estimated that Tesla’s (TSLA) U.S. sales fell to levels not seen in four years. Sales worsened after the U.S. government ended federal tax credits worth $7,500.</p><p>Tesla adjusted its business strategy to help spur demand. In October, the firm offered consumers both a Tesla Y SUV and a Model 3 sedan, both of which had fewer features. It priced the vehicles at around $5,000 lower than the previous baseline models. Unfortunately, this did not help. Total sales fell by almost one quarter, from 51,513 units last year to 39,800 in November.</p><p>Weak demand suggests that other EV makers will struggle. Lucid Motors (LCID) shares hovered near a yearly low. Short sellers hold a 36.96% short float against LCID stock. Truck EV supplier Rivian Automotive (RIVN) might avoid a sales slump. The stock is up by nearly 60% from its 52-week low on hopes that the unique offering would appeal to customers.<br/>Bears hold an 18.73% short float on RIVN stock.</p><p>Investors bullish on the auto manufacturing sector are buying Toyota Motor (TM), General Motors (GM), and Ford Motor (F). They are betting that vehicles powered by either gas or hybrid would appeal to customers over the long term, compared to EVs.</p><p>Your Takeaway</p><p>Tesla's stock barely reacted to the weak sales. The stock has strong, sustainable momentum. Shareholders believe that its self-driving software, robotics, and cyber cab businesses will offset lower EV sales.<br/></p></div></div></div>

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<p>Tesla's stock remains strong despite a 4-year sales slump, with U.S. sales dropping after federal tax credits ended. Tesla adjusted its strategy by offering lower-priced models, but sales fell by nearly 25%. Other EV makers like Lucid Motors and Rivian Automotive face challenges, while traditional automakers like Toyota, GM, and Ford attract investors. Tesla's stock is buoyed by confidence in its self-driving software and other ventures.</p>

- Cox Automotive reported that Tesla's U.S. sales have dropped to a four-year low, exacerbated by the end of federal tax credits.  
- Despite Tesla's efforts to boost demand through price reductions and feature adjustments, total sales fell nearly 25% in November.  
- The weak demand for EVs may impact other manufacturers, while investors are shifting focus to traditional automakers like Toyota, GM, and Ford, anticipating better long-term appeal.

Why Tesla Stock Is Strong Despite 4-Year Sales Slump