Sales Say Americans Don't Want EVs: Hannah Elliott

Watch on YouTube ↗  |  August 01, 2026 at 13:54  |  1:24  |  Bloomberg Markets
Speakers
Hannah Elliott — Automotive Reporter, Bloomberg
Tom Keene — Host, Bloomberg Surveillance

Summary

Hannah Elliott explains that weak US EV sales are hurting pure-play EV makers like Lucid, Tesla and Rivian, while domestic automakers are pulling back on EV plans. Tom Keene and David Gura discuss whether Chinese EV makers could enter the US market, concluding that Trump's tariff stance makes it unlikely soon.

  • US EV sales are slowing, indicating consumers don't want EVs.
  • Lucid, Tesla and Rivian are struggling due to weak EV demand.
  • Domestic automakers are pulling back on their EV initiatives.
  • Ford CEO Jim Farley believes Chinese EVs could be in the US within five years.
  • Trump's tariff policies and protectionism make Chinese EV entry unlikely in the near term.
Ideas
Hannah Elliott Automotive Reporter, Bloomberg 0:18
Weak US EV sales hurt EV makers.
Bloomberg Markets news/interview about EV sales slowdown; no explicit trade/position/do-not-buy recommendation, so watch only.
LCID TSLA RIVN LOW
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This Bloomberg Markets video, published August 01, 2026, features Hannah Elliott discussing LCID, TSLA, RIVN. 1 trade idea extracted by AI with direction and confidence scoring.

Speakers: Hannah Elliott  · Tickers: LCID, TSLA, RIVN