(Video summary)
2023: tough Times for EV Industry
It has been a tough year for electric vehicle (EV) manufacturers, like Tesla and Lucid, because the high inflation and interest rates have made it harder for people to afford their cars. As a result, these companies had to lower their prices in order to encourage people to buy, but this has made their profits smaller.
Tesla’s stock price took a bit of a hit because of this, but it has recovered somewhat. Lucid, a smaller rival of…
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