Fading EV Demand Signals Bumpy Road Ahead for Automakers

EV demand is waning as shown by gloomy earnings reports and commentary from major automakers like Tesla, GM, and Mercedes.

Lower EV demand is leading to price cuts, but this is hurting profitability for some automakers and increasing losses for others.

High interest rates, expensive car loans, inconsistent charging networks, and limited model availability are hurdles to further EV adoption.

EV startup valuations remain high despite weak demand, leaving room for stock prices to fall further.

Tesla's valuation leaves little room for error if EV demand lags, putting more pressure on its self-driving capabilities.