U.S. electric vehicle startups are seeing an unsettling trend, with demand evaporating as potential customers look for deals or hold off on purchases altogether.
2023 production well below analyst estimates on Tuesday, citing nagging supply chain shortages, sending shares down 8% in after-hours trading.
Venture capitalist Cassie Bowe, a partner at Energy Impact Partners, sees demand picking up from next year as the current sentiment forces EV makers to cut prices and introduce lower-priced models this year, and as the supply chain improves.
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