Electric car sales accounted for about 7.9% of the market in the third quarter of 2023, which is an all-time record and an improvement over the 6.1% it represented a year prior. Sales of electric cars, in fact, have increased for 13 consecutive quarters. So why did Tesla CEO Elon Musk signal caution and concern in his call with investors yesterday?
As James Carville once famously said: “It’s the Economy, stupid.” More specifically, Musk thinks higher interest rates…
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