Posted 2/14/2024, 3:00:00 PM
EV Market Faces Ongoing Headwinds: Losses Mount, Growth Slows, Investments Delayed
- Ford's EV losses continued in Q4 2023, with 2024 guidance worse than expectations
- Tesla provided vague 2024 delivery guidance with lower expected growth compared to 2023
- Magna delayed breakeven target for EV investments to 2026, indicating supply chain pressure
- RBC analyst sees no sign of turnaround yet in the EV market slowdown
- Autonomy investments slowing down, with focus shifting to advanced driver assistance systems like Tesla's FSD and Mobileye's SuperVision