2024 Promises An EV Evolution With New Clean Energy Solutions

The EV king, Tesla Inc (NASDAQ: TSLA) had a blockbuster year, but that performance stayed in 2023. 2024 kicked off on a different note, with Tesla losing more than $94 billion in market valuation over the first two weeks of the year, marking its worse start to any year. But this isn’t the only reality check for Tesla. Although it finally launched its eagerly anticipated electric pickup before 2023 ended, even Tesla acknowledged how challenging it is to bring this particular vehicle to life. Tesla CEO Elon Musk openly warned that the Cybertruck isn’t expected to be profitable before 2025, along with admitting that scaling its production will be a daunting task, among other challenges. Even the pickup king, Ford Motor (NYSE: F) ended 2023 by announcing it will halve its planned 2024 production of its electric F-150 pickup, the Lightning. Based on the fact that the F series has been America’s best-selling vehicle for 42…