Porsche and Tesla Warn High Interest Rates Are Hurting Car Sales

Porsche and Tesla warn high interest rates are reducing car affordability and demand.

Porsche says inflation and high rates make customers reluctant to buy new cars.

Tesla CEO Elon Musk says high credit card rates and interest rates reduce affordability.

Porsche warns about challenging conditions in China in 2024 due to economy and geopolitics.

Despite warnings, Porsche confirms forecast for current year with sales revenue of €40-42 billion.