The problem that no one in EV space is admitting is that we are getting close to the near term EV saturation point in the marketplaces. I.e. anyone that actually wants and can afford a pure EV already has one.

Note: I said near term because there is a longer term play where pure Electric is the norm but Tesla in particular as an EV only manufacturer doesn’t have the diversification to make it to that point which is at least 20 years away if not 40 or 50.

The adoption rate for pure EVs is slowing and there lots of reasons for it. The pace of growth in the segment will continue to slow for at least a decade.

It all comes back to the fact that the demand just isn’t there. Because EVs are still a niche product. They solve a narrow set of problems that is insufficient relative to their price. Basically they don’t solve a problem for most people that isn’t adequately solved by less expensive alternatives or they just don’t meet their needs at all.

Now for all the people shouting, “but they will get go xxx miles” and they charge in “xx minutes” and “most people don’t drive that much in a day”. All of that is irrelevant because you already accept those limitations. And perception is what influences purchases and while your perceive things that way, you are already in the choir. You’re not the people that need to be sold.