The sector as a whole is going through a cooling off period. There was massive growth in 2017 and 2018 was the snap back to reality and correct that is caused by that kind of run. Couple that with some international uncertainty about trade, the US fed tightening its belt and you have a recipe for a general market downturn. What you're waiting on for the restart now is for the first and second releases of mainstream electric cars along with the commitments and building of the electric buses developing nations like China are pushing. Once they start hoovering up supply and the realities of lead times on new production set in those that are producing will likely see an uptick. You've already got Porsche lifting their production targets of a $100k++ Vehicle from 20k to 40k and the econoboxes on the horizon will see more than that.
GXY Price at posting:
$2.00 Sentiment: Buy Disclosure: Held
