In 2020, investors were charged up by the potential of electric vehicles.
Indeed, the S&P Kensho EV Index nearly quintupled from March 2020 to February 2021.
One month later, the Elliott Wave Financial Forecast issued this warning: “The electric vehicle market is another green ‘money machine’ that will ultimately empty the pockets of adherents.”
Four years later, the index’s battery light was blinking red.
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