All cars sales are falling across the board whether they are EV, hybrid or otherwise! This proves to be challenging even for TSLA at the level they re in right now to emerge stronger than the rest since it is already experiencing dwindling sales. And the Fed may not cut interest rate too soon, but wait out till inflation rate stabilises! April records dropping sales -2% in China, so definitely it will be a while before improvements can be seen. So what will happen during this period before the next Fed meeting in June?
Toyota Forecasts 20% Full-Year Profit Decline After Blockbuster Q4
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People just don’t have that much money to buy cars!
So you see all the motor stocks just fall so much!!
That’s so bad!! I hope this can get better