Tesla is in trouble.

Thanks to a highly distracted CEO, the company is:

🚗 Falling behind on updating its dated body styles

📉 Recent price cuts and deals with auto rental companies are a sign the company is "overbuilding" say analysts.

🛠️ Tesla's lack of dealerships is also now a liability, as its vehicles age and need service.

Great reporting from WSJ alumn Nora Naughton:

https://www.businessinsider.com/elon-musk-ruined-tesla-technology-ford-gm-car-companies-evs-2023-2

How Elon Musk ruined Tesla, let other car companies catch up on EVs

Aging tech, stale car designs, and an outdated business model: How Elon Musk turned Tesla from his crown jewel into an overpriced jalopy.

Insider