Tesla's cratering share price goes beyond Musk's preoccupation with Twitter. The entire EV market is slowing down.
, noted in September that"with just 1.5% of the vehicles on the road being electric today, it is clear we are living in an EV bubble, not an EV boom."seen by Insider's Alexa St. JohnMercedes and Tesla have been cutting costs for certain EV models on sale in China – the largest EV market – where 786,000 sales of new energy vehicles were registered last month, data from the
EVs will, in time, need to earn more favor among investors than the oil majors they aim to upend as they position themselves as a clean alternative to fossil fuel-based internal combustion engines.
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