Part 2/11:
The immediate question is: why didn't Tesla share in the positivity? A key factor lies in the current macroeconomic environment. Musk highlighted two primary reasons that investors might reconsider short-term opposition to Tesla.
Firstly, he pointed to the ongoing global economic climate, specifically rising interest rates, which directly influence automobile prices. Higher interest rates increase the cost of borrowing, raising the effective price of new vehicles—both new and used. The impact is evidenced by the decline in U.S. vehicle inventory following Tesla's recent discount initiatives, suggesting strong demand despite higher prices.