A correction from an inflated peak all across 2022 when chip shortages starved supply and gas prices surged EV demand. Production for many of the highly sought-after models is only now starting to catch up.
Add in the $7500 federal tax credit on that EV and it's a dead heat. Even worse Tesla has a hefty margin on their vehicles right now and could go lower if they really wanted to put the squeeze on traditional automakers. They're also aggressively cost cutting the production. I think Ford, GM, Chrysler, BMW, Volkswagon, etc... are in more trouble than most people realize at the moment. I'm not saying they're going to go out of business next year, but I think they're going to experience significant market shrinkage in the coming decade if they continue down the path they are on.
Both ICE & EV went up about $10K, but the EV price has dropped back and the ICE hasn't.