While I agree COGS are likely trending back down to previous levels, let's be realistic about this. Material costs are not going to immediately go back to 2021 levels today, it will take time over the next year or two most likely. This cliff of a price cut will not be met with a subsequent cliff of COGS reduction, that simply isn't realistic.
The price drop is good for ensuring production ramps go as planned and deliveries keep accelerating, but margins ARE going to take a hit due to this. The degree of the hit can be argued, and I agree margins will creep back up over time as both COGS reduce and economies of scale kicks in, but that will probably happen gradually, not today.