Liked by 16 people Luxury car sales are crashing across the board. Porsche's Taycan EV sales crashed, but so did their Panamera ICEV. Mercedes EQS sales crashed, but so did their S Class ICEV. The S Class is practically a bellwether of the economy, when it's sales fall you know a storm is brewing! The investment class is sheltering for a market crash. Regular consumers are reeling from rising interest rates. Even if Tesla updated the Model S and X, they would be a tough sell in this economy. It's probably the worst time for Tesla to introduce the Cybertruck. A few years ago the Cybertruck would have looked really good against the $75K ICEV pickups Ford and Chevy were pumping out, but now Ford and Chevy can't sell their $75K ICEV pickups. Tesla reservation holders hoping for the promised $40K Cybertruck might have been able to do the "Tesla stretch" into a $75K Cybertruck when interest rates were near zero, but not now. The same applies to all pricy EVs like the Hummer, Silverado, upcoming Macan, etc. Some people are even starting to talk about the return of "economy cars" that were last popular during the high interest rate 1980s. This makes budget EVs, like the BYD Seagull, and upcoming Hyundai Inster and Kia EV3, very important. These are the economic conditions where a Tesla "Model 2" would have shaken the industry!