Lithium prices are down lately, and EV manufacturers, the major users of Lithium, have recently announced substantial cuts to production. So why are Lithium miners so optimistic? Electric Vehicles Are Stuck In A Lull. What That Means For Tesla, Other EV Stocks And EV Battery Manufacturing. The transition from internal combustion engines to electric vehicles was never going to be easy. But the gradual arrival of battery-powered cars drove sprawling plans to make EVs and EV batteries in the U.S., with companies like Tesla ( TSLA ), Ford Motor ( F ) and General Motors ( GM ) leading the charge. Federal funding combined with geopolitical and climate concerns to expand the promise of industry growth for EV stocks and the so-called battery belt taking shape across the U.S. and beyond. The hope was to strengthen the Achilles’ heel of the nation’s electric vehicles boom: […]
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