Shares of electric vehicle giant Tesla Inc. (TSLA) took a sharp dive on Monday, following CEO Elon Musk's somber projection of slower growth in 2024. The news comes as a bit of a surprise to investors, given Tesla's extraordinary success and rapid expansion over the years.
In a recent conference call with Tesla shareholders, Musk cautioned that the company's rate of growth is expected to level off in the next few years. He attributed this anticipated slowdown to a combination of market saturation and increasing competition within the electric vehicle market.
