BusinessInsider published a few charts conveying the energy crisis in Europe.
Europe's electricity prices, they're trading more than 1,400% above their average in the 2010s.
As for the Euro, the currency value is below parity with the US Dollar. This is because business conditions in Europe are deteriorating.
A declining Euro makes electric vehicles from the US and Japan more expensive for Europeans. Surging electricity prices makes charging an electric vehicle very expensive.
The conditions in Europe make electric vehicle ownership more expensive than ICE vehicle ownership.
This is bearish for
$TSLA and
$PSNY as it relies on Europe for orders and deliveries.
Side note: $RIVN and $LCID don't do much business in Europe. They're heavily dependent on the US for business.