Ford Recalibrates EV Strategy While Tesla Pivots To AI: Would the Bet Pay Off?

Far from the magnet it once was for investors during the 2020-2021 boom, electric vehicle (EV) companies have been in the penalty box for the last couple of years. Investors’ apathy towards EV stocks is not surprising, as most U.S. startup EV companies that went public between 2020 and 2021 have either gone bankrupt, are on the verge of doing so, or are struggling to stay relevant. Legacy Automakers Have Booked Massive Losses in Their EV Business Detroit automakers’ EV operations, on the other hand, are ...