But surely this impacts share price? If the government can't own EVs that makes the addressable market smaller.
These days many stocks seem to be detached from reality-based price pressures. Some stocks have more in common with crypto speculation than with funding a company.
Exactly. If you look at all the recent Tesla earnings calls, they have fallen flat or below expectations and the price had skyrocketed because of “guidance” and promises of future robots, or ai, or whatever. It is not grounded in reality at all.