The stock rose dramatically last week based on the delivery estimates, then lost almost that entire gain today based on the real numbers. I struggle to understand how that's a win for the bulls. Overall, though, the EV market is going through a rather scrambled phase in the U.S., with changing rules on federal incentives -- and some confusion about those rules -- and companies facing challenges as they ramp up production, while continuing to adjust vehicle prices. Expect more ups and downs for a while till things clarify -- and don't discount the possibility of Elon's increasingly erratic behavior at Twitter chasing away customers as EV alternatives become more widely available.
