The EV king, Tesla Inc (NASDAQ:TSLA) steered back towards making more affordable EVs in attempt to reassure the world that it is past its prime. Last year, it temporarily lost its EV crown to BYD Company Limited (OTC:BYDDY) who is firing across all cylinders when it comes to EV offerings. But even the price war didn't help Tesla solve its problems, however, by the reaction of the market, cheaper EVs could be the answer.

The EV slowdown is undoubtedly the new reality, but the EV growth is still happening, just at a slower pace. Along with EV...