Friday, February 13, 2026

An Investment Bet Gone Wrong

Detroit Automakers Take $50 Billion Hit as EV Bubble Bursts
https://www.wsj.com/business/autos/detroit-automakers-take-50-billion-hit-as-ev-bubble-bursts-06a97414
Companies are taking big losses and making moves to reduce electric-vehicle capacity amid regulatory changes and cooling demand.