They have not replowed a sufficient amount of profit into development and have not brought out anything of note in the last 6 years or so. Even the Model 3 and Y facelifts are largely that - maintaining the 400V architecture and significantly lower charging speeds than more modern competition. In many European countries sales have cratered (mostly 50% under same period 2024 (Norway being a rare exception), and 2024 was already drastically weaker than 2023) in a strongly growing market for electric cars.