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Tesla's stock experienced a drastic decline of 10 cents one day but managed to rise by 85 cents over the week. However, despite the volatility, many expressed skepticism about the company’s overall sales performance. Headlines suggesting that declining sales stemmed from Elon Musk's reputation or a waning public interest in Teslas were dissected. Instead, the conversation acknowledged external factors such as rising interest rates impacting the industry as a whole.
Amid these challenges, there was a consensus that the anticipation around the upcoming Model Y has created a delay in current purchasing decisions. The discussion highlighted how interest rates are influencing all automakers, not just Tesla, heavily impacting car sales and the broader retail sector.