"US consumers are now, on average, 9.2% delinquent 60+ days on non-secured car an credit card payments."
Those guys cant afford an EV, so don't matter. China is opening up and EV sales are going gangbusters. . .
"China's blue-chip CSI300 index ended the day up 0.19% at 3,999.60, after dropping nearly 1.5% earlier. The Shanghai Composite index rose 0.36% to 3,096.96. Battery makers and automobile manufacturers led gains, after data from the China Passenger Car Association showed a jump in retail sales in the first half of May.19 May, 2022, 02.15 PM IST"
LYC Price at posting:
$9.58 Sentiment: Hold Disclosure: Held
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(20min delay)