You are believing the mainstream media which is not accurate in this regard. "Decline in demand" isn't correct - what is correct is a "slower rate of growth in demand". After doubling year on year for a few years, it simply cannot continue to double or else you get to a number greater than cars that are sold each year in total, before the end of the decade. There are no questions as to the future of EVs. The companies that say so are those who missed the boat and know they are going to go bankrupt unless they try to slow the pace of EV growth in whatever way they can. There are a number of industries that stand to lose billions as a result of the EV transition - legacy auto, oil and gas, auto dealerships, even insurance... they will stop at nothing to discredit EVs, with Tesla and Elon as their primary targets. Also, in Tesla's case, they don't advertise (well, only a bit, very recently, and digitally) but legacy auto pours billions into the mainstream media's coffers each year. It's so obvious really - follow the money. Technology that is being superseded will always panic and discredit the new - it happened with the horse and cart, with pre-smart phones, with VHS, with film photography... where are Cobb & Co, Nokia and Kodak today?
NVX Price at posting:
63.5¢ Sentiment: Hold Disclosure: Held
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