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The EV landscape in the United States may be on the verge of a regime change.
sales and production numbers, reported Thursday, July 2nd, were very strong. The company reported producing 451,758 vehicles and delivering 480,126 vehicles - 18% higher than the consensus estimate of 406,600 deliveries.
Despite this, the stock did not perform particularly well. $1.5 trillion is a demanding valuation, approximately 15x trailing 12-month sales.
Meanwhile, much smaller EV competitor Rivian
