The US Auto Industry's EV Bloodbath is Getting Out of Control [UPDATED]

In Tuesday’s update on the looming EV bloodbath for US automakers, I wrote the following:

My theory for this year has been that every pure play EV maker in the US would either go into bankruptcy or be teetering on the brink by the end of the year. At the same time, diversified automakers like Ford, GM, and Stellantis would continue delaying their EV goal…