However, CEO Elon Musk prefers to blame a different culprit: Interest rates. Time and again, the Tesla chief has gone to great lengths to spell out the challenges that interest rates have presented for potential Tesla buyers.

Higher interest rates have been proved to be a headwind for the auto industry at large, and Tesla is no exception.

A rate cut makes borrowing cheaper, which can boost company profits and consumer spending, leading to higher stock prices. But Giuseppe Sette, co-founder and president of Toggle A