After outperforming the broader market in 2023, Tesla (TSLA) stock is off to a challenging start in 2024. The shares of this electric vehicle (EV) giant have declined by over 23% year-to-date, pressured by concerns over signs of softer demand for EVs. Furthermore, heightened competition in the EV market has compelled the company to consistently lower its average selling prices, negatively affecting its profit margins and share price. Adding to the challenges, Tesla’s management has offered a cautious outlook for 2024. The company anticipates a significant decrease in volumes compared to 2023, …