In terms of the sector being "on the nose" the sentiment has turned.
Record EV sales in Q2 this year, 1 million EVs in Europe alone, Morgan Stanley changing their tune (in public as well as in private).
I would venture that $2.95 would be extremely conservative. GXY went from $2.56 to $2.77 in a couple of days without a huge positive announcement.
Where to from here?, page-6
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