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Yes, agreed..except.
I would not exclude Tesla from companies suffering on EV production and sales.
EVs are in demand when gas prices are spking and there are federal subsidies--in America. Elsewhere, EVs are doing fine.
Both of our EVs are from companies that know manufacturing. They are vehicles that happen to be EVs, not cell phones on wheels.
https://www.axios.com/2024/02/05/venture-capitalists-mistake-electric-vehicles
@SECRET_ASIAN_MAN Did the Axios writer forget the meaning of the word Venture. Also if the US drops its tariffs on EVs from China companies like Tesla are doomed :)
https://www.bloomberg.com/news/articles/2023-09-22/why-can-t-americans-buy-cheap-chinese-evs