I feel like people are a bit too accustomed to the early days as well when production numbers were much lower. The goal is to grow production at 50% annually long term and eventually arrive at 20,000,000 cars per year -- it'll likely be pretty difficult to retain used values when producing such high numbers and wanting to flood the world with Teslas. People frequently compare Tesla to high Euro brands like BMW and Mercedes because of current prices, but it's a totally opposite philosophy versus wanting a degree of exclusivity associated with your badge -- these companies would never want to produce 20million cars per year because it would erode what their badge represents.
Especially when you consider the amount of investments being made into EVs by all companies and the subsidies etc from governments that are likely overriding the free market balancing supply and demand, I think we could see real price declines in the near future especially if interest rates remain higher for longer leading to more subdued demand while all this new production comes online.
Contrary to what people like Cathie Woods are saying, I can see the opposite happening with combustion engines as production declines in lieu of EVs, and I can see combustion vehicles eventually becoming like mechanical watches: niche luxury stuff for the wealthy. EVs in general will become like Casios, and that's what needed for the environment.
