Part 4/9:
The reported revenue drop was chiefly attributed to increased competition in the automotive space and a shift in sales strategies. Tesla has begun offering more discounts and incentives, necessitated by the influx of rivals in the EV market, particularly in regions like China where affordable electric options are plentiful. The gross margin for Q4 also declined to 16.3%, down from 19.8% in the previous quarter, leading to initial discontent in the market.