The U.S. Is Falling Behind in the Global EV Race

Tesla CEO Elon Musk has warned that the end of U.S. government support for electric vehicles could lead to “a few rough quarters,” following the automaker’s steepest revenue and delivery decline in more than a decade. Tesla is now relying on a long-promised affordable model and its autonomous ride-hailing roadmap to regain momentum, but immediate growth prospects look dim in the U.S. market.
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