I think Tesla’s declining sales are the reason that Elon Musk is currently pretending to be Republican.
He’s a lifelong government welfare recipient whose entire company was built with Uncle Sam’s cash and when that dried up a bit, he sold out to the Chicoms.
It not just Tesla. The other OEMs misjudged demand. Tesla got the low hanging EV fruit. 83% of the auto buying public think autos are too expensive, so that leaves 17% of the public that will do an impulse buy. There are other factors such as high interest rates and lack of tax credits on certain EV models..