Tesla's sales in China are shrinking, but for ordinary car sales reasons - the competition has cheaper cars.[1]
The disaster in US automotive is that the manufacturers thought they could increase prices, and discovered that, instead, unsold cars are piling up. Tesla's oversupply can be seen from space.[2] Stellantis overdid price increases so much that the CEO was canned.
The US currently has 3 million unsold new cars.[3] One wonders how many will still start.
Jalopnik has been peddling stories about tesla’s imminent demise due to parking lots full of unsold teslas every year since before the model 3 release lol