Tesla ( TSLA 0.04%) is one of the world's leading electric vehicle (EV) manufacturers, but many analysts believe the company's true value lies in its futuristic product platforms like the autonomous robotaxi and Optimus humanoid robot. In fact, CEO Elon Musk believes those products will make Tesla the largest company in the world one day.

The plunge in sales reflect the gains for Chinese EVs, boosted by the troubles at Tesla and the dislike of Musk among those unhappy about his support for conservative causes.

Tesla Inc. Chief Executive Officer Elon Musk has assumed oversight of sales in Europe and the US, leaving deputy and senior vice president Tom Zhu over Asia, following the high profile departure of Omead Afshar,