$PSNY
Added 2024-06-20 11:14:54 +0000 UTCThis is not looking good for $PSNY, the smaller EV growth companies are getting picked off now, as $FSR files for bankruptcy this week. I believe there will need to be some consolidation in this industry in order to survive for many other companies, including Chinese EV's, $XPEV for example.
Too many players exist right now and the regulators are backing their domestic manufacturers, Turkeys move to set a tariff on Chinese EV's was a shock to the sector, as Turkey has a strong relationship with China.
