I mean is it just like, interest rates? Even if they have cash on hand, I'm assuming any big moves they would make are still really capital intensive because it's the auto industry.

By stuff Tesla and Musk have said, they are expecting slowing sales growth, but part of that is also because they said they are developing a new car. But other comments have just been standard demand and competition.

So is it just they don't think it's a good idea to keep expanding at past pace into uncertainty while hurdle rates got much higher?