Lackluster demand for very expensive vehicles is down across the board, and Tesla has only been serving the higher-end market. A lot of manufacturers were banki

Lackluster demand for very expensive vehicles is down across the board, and Tesla has only been serving the higher-end market. A lot of manufacturers were banking on interest rates staying low but there was no way that could last forever - the average ICE last year cost more than the US median income, at a time when many other prices were also rising. Based on the people I know who’ve bought recently, an EV targeting Camry pricing and quality would sell a lot better than the massive bling-tanks they had sitting in stock.