Has The Car Market Ruined Itself?

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So most companies have not been having a great year so far, but none are feeling the pain quite as much as car manufacturers.
Of course Tesla has been getting most of the attention as its stock price has plummeted by more than 50% since its peak late last year.
Sales across the world have plummeted as the brand has become an unintentional political statement… a political statement that doesn’t really “vibe” with the type of people that buy electric cars.
BUT the truth is most other car companies are happy to let Tesla soak up the headlines, because under the proverbial hood they have a lot of problems of their own.
Major brand bankruptcies are now basically inevitable, “will they-won’t they” trade wars are crippling supply chains, new manufacturers from China are undercutting global markets and worst of all… people just simply can’t afford to buy cars right now.
And in response to this simple financial reality, auto makers have responded… by making their cars more expensive than ever before…