Elon Musk warned of difficult times ahead for Tesla Inc. after one of the automaker’s worst quarters in over a decade.

Tesla shares sank Thursday after CEO Elon Musk said the company could face a “few rough quarters” as it transitions to a future focused less on selling cars and more on offering people rides in self-driving cars.

In 2020, Tesla controlled nearly 80% of the U.S. market, based on data from Experian. By 2022, that was down to 65.4%, followed by 55% in 2023. This year, per Cox Automotive, that share continues to decline, hovering around 45% as of July 11.

Tesla's Model Y has been the dominant player in the segment for years, but Nissan’s Ariya offers a persuasive alternative.

In the following piece, we will review whether the Tesla Model Y’s price over time has changed drastically, contrasting the current price to that of its initial release, and offering a prediction of where its price trend is likely to head.