With recent rallies in Tesla (and now Rivian), market participants are starting to mull whether or not EV stocks are about to be looked at favorably and outperform once again. But insane-valuation- and hot-money-history may not be ready to repeat itself just yet. The industry is facing headwinds that it hasn't before, with Tesla leading a charge of price cutting to start 2023 and now HSBC reporting that an already saturated and competitive market is going to become...even more saturated and competitive - especially in China. In a note…
