In recent months we have seen EV sales returning to trend (see previous posts in this thread).
This data on battery storage from Tesla is also a good picture to paint:
What a Q/Q improvement.
At 40GWh per year, this data suggests that Tesla's Lathrop Megapack factory is almost nearing full operational capacity.
Furthermore, Tesla's new Megapack factory, currently under construction in Shanghai, is also designed to have a 40 GWh annual capacity. It is expected to start production in the first or second quarter of 2025.
EV data, storage data, and even the fairly consistent contago period suggest that pricing improvement is on the horizon.
When the wind changes, things can move very quickly. Sentiment pushed us way too down, sentiment can push us back up. It all comes down to the little pieces of data that drip feed to us.
Supply is coming online (even from us), but so is demand. That is a good thing.
EV and battery thread, page-280
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