In inflation-adjusted terms the retail prices of things absolutely do drop. Sure, Tesla might choose to only sell a 600-mile range battery for $15k instead of

In inflation-adjusted terms the retail prices of things absolutely do drop. Sure, Tesla might choose to only sell a 600-mile range battery for $15k instead of the 300-mile range battery for $8k. But if there’s a market for a 300-mile vehicle that costs $7k less, and that vehicle can be profitably produced, then it will very likely exist.