However, Tesla is having an uncharacteristically slow year in terms of financial growth, because it has engaged in a price war with start-ups and legacy automakers breaking into the EV space. Plus, inflation and interest rates are gradually declining, which will reduce financial pressures on consumers in the new year, and that could open the door for Tesla to reverse some of its recent price cuts. Meta's Reels feature -- which is designed to compete with ByteDance's TikTok -- has driven a 40% increase in the amount of time users spend on Instagram since launching in 2020.