The EV market hasn’t been doing so well. In fact, Tesla deliveries actually declined year over year. This is especially concerning given that Elon has long projected a 50% annual growth rate for Tesla in terms of deliveries. At this point though, Tesla is not only failing to meet their annual growth rate targets but they’re even experiencing negative growth. It’s not just Tesla who’s suffering either. Rivian and Lucid are on track to go bankrupt and are desperately pivoting to cheaper vehicles to save their business. Even legacy automakers like Ford are starting to pull back on EVs, but what happened? Weren’t EVs supposed to be the future? Well, EVs are still definitely the future but the transition is not turning out to be nearly as fast as many EV enthusiasts expected. The reality is that a lot of people still prefer gas cars. Even people who own EVs like keeping around a gas vehicle as well. This video explains the various challenges EV makers are facing and the future of the EV market.

Have Companies Pay You:
https://www.silomarkets.com/

Free Weekly Newsletter With Insiders:
https://logicallyanswered.substack.com/

Socials:
  / hariharan.jayakumar  

Discord Community:
  / discord  

Timestamps:
0:00 - The State Of EVs
3:16 - Interest Rates
6:45 - Waning Interest
10:02 - The Race Heats Up

Thumbnail Credit:
Wu Wa
https://bit.ly/3VQ5cdi

Resources:
https://pastebin.com/MhAp8jpF

Disclaimer:
This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.
https://www.silomarkets.com/disclosures