Tesla is a cult, like why iPhones rely on brand rather than performance. EV-wise, China is leading the global industry through strong government policies and support. Entire fleets of cabs are EVs and such, relying on economies of scale. EVs are here to stay.Agree with article that pure EV companies has much more in terms of promise, AI, software compared to traditional auto companies.
Tesla and Other EV Stocks Are Bouncing Back. That Doesn’t Mean the Bubble Won’t Pop.
Looks promising, but US company trying to establish presence in China needs to be very cautious and cross-border geopolitics can affect business prospects anytime.