In $2023,$ the subheadline of an article in the Wall Street Journal stated, "Tesla's aura as an elite tech disrupter dims as EV competitors multiply and improve their offerings."

Source: Rebecca Elliott, "What if Tesla Is$...$Just a Car Company?" Wall Street Journal, January $13,2023.$

The entry of these competitors into the electric vehicle market made the demand for Tesla's vehicles more price

elastic

inelastic