Electric vehicle (EV) maker Tesla (TSLA) has faced a tumultuous year, as its core car business is struggling. This has weighed on its share price, which is down about 10.3% year-to-date, underperforming the S&P 500 Index’s ($SPX) gain of over 17%. Tesla’s dominance in the EV segment is facing challenges amid fierce competition and price wars. Moreover, shifting consumer preferences toward hybrid models remains a concern. Adding to the challenges, the company’s strategies to revive demand, such as price reductions, have faltered due to persistently high interest rates. Even in China, a key mark…