The EV market will "continue to be pretty challenging" for 2026, says Tu Le. While Tesla (TSLA) and NIO Inc. (NIO) vehicles deliveries soared abroad, indicators in Li Auto (LI) earnings show roadblocks that will expand to other companies. Frances Newton adds the end to EV tax credits as another critical headwind for the industry. She believes Tesla will lead the sector in the U.S. due to its exposure in AI and autonomous driving.