How is that true? The Model S is over a decade old at this point. The Kia and Hyundai offerings easily compete if not outcompete Tesla.

Model S price segment competitiors: Porsche Taycan, Mercedes EQS, Lucid Air, BMW i7, Genesis G80 EV, Audi e-tron GT

Model X price segment competitors: Audi Q8/SQ8 e-tron, BMW iX, Mercedes EQS SUV, Lotus Eletre

There are dozens of EVs with better powertrains and interiors for less money than the S/X. I have merely listed cars with similar MSRPs.

Isn't the Porsche Taycan in the Model S price range?

Even the cheapest trim is way more expensive, and way worse specced.