Uncertain Future for Electric Cars: Elon Musk’s Doubts — How Then
<p>In the presentation of the third-quarter financial results for 2023, one word seemed to dominate Elon Musk’s speech: “interest rates.” The Tesla CEO expressed a great deal of pessimism about the global economic situation and its potential impact on the electric vehicle industry.</p>
<p>Tesla’s financial results have always been highly anticipated, not only by shareholders but also by industry observers. Just a few months ago, Tesla was reporting impressive growth of around 50%. However, that seems like ancient history now, especially since 2022 brought about multiple global crises. In 2023, it appears that this robust growth trend will continue to moderate.</p>
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