News Summary

• She’s also been expecting Detroit automakers to follow the path Musk has forged with electric vehicles.“We expected a lot of traditional auto manufacturers to see the writing on the wall and rush as quickly as they could into scaling big-time into electric vehicles,” she told Bloomberg Surveillance this week..
• Power, some 869,000 fully electric vehicles were sold in the U.S. in the first 10 months of 2023—a 56% jump over the year-ago period, but a slowdown from two years earlier.“The narrative has taken over that EVs aren’t growing,” Ford CFO John Lawler said in October..
• Wood, coming off her best month ever in November after a wobbly stretch, views their decisions as being good for Tesla in the long run.General Motors had planned to build 400,000 EVs over a roughly two-year stretch ending in mid-2024..
• And in November, it restarted work on a EV battery plant, but with scaled-back ambitions, saying it would produce roughly 40% fewer batteries than planned..
• Instead, they’ve been decelerating their EV plans, wary of EV growth that—while still strong—has lately slowed..
• While EV growth has slowed in recent months, it’s still robust..