It's gonna. Reasons?

1. Other car brands are catching up fast, some of them offer a (far) better quality feel, fit and finish;

2. Tesla is still stuck in the EV 1.0 phase, merely having replaced the ICE by battery drive; there is so much more to Personal Mobility than selling EVs;

3. Autonomous drive (or FSD as Musk labels it) has proven to be a distant promise thus far.

4. What might be a huge vulnerability, is Tesla’s investments in China. There may come a time that relationships between the West and China will sour. The Russia-Ukraine conflict is something that China is benefiting from. Will the West continue to import cheaper stuff from China, including Teslas, that have been produced on the basis of cheap Russian gas and oil? I don’t think so. You don’t want to be a major investor on mainland China when there’s a crisis in the Taiwan straits. Biden already said that the U.S. would intervene.