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The key here is that it’s a vote for the most popular of the 2 candidates based on the votes of who bothered to vote for them specifically, then further butchered via the EC. It’s a smaller, different pool of people that may elect someone that the actual majority prefer less, because part of the actual majority decided to play a different game entirely.
You’re a quarter behind. Big drop 2024Q1, but you’re right that the story has been growth - just slower growth than Tesla has promised, even with massive price cuts, and now we have a contraction. A lot of people dislike Elon because he’s a fucking tool and this has to be a partial factor, we just don’t really know how much.