I lean the other way. I think Tesla valuation was artificially hyped and manipulated. The car's valuation was luxury priced and tied to Elons personality. And that tanked. So I personally don't think that was normal or ever coming back.
I think the current conditions are also abnormal, with EV becoming political and a horse running amok in the white house.
The normal depreciation is probably in the middle. But when are things ever normal anymore?