Many EV companies are bleeding cash. Many others are involuntarily ceding market share to traditional auto giants like Ford, Chevy and GM. Tesla alone is turning a profit, making this a longer-term game for the smaller producers, which are now struggling in an environment of high-interest rates and consumers too squeamish about going for car loans. Add to this a price war, and the EV playing field becomes a risker venue for investors. Still, the smart money knows that the energy transition is a must for a sound investment portfolio…
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