Under the current market environment, the stock of a certain new energy vehicle company faces multiple pressures, and the investment outlook is worrying. Worsening tariff conditions directly increase costs, while supply chain risks in the commodities sector (especially geopolitical control over key materials like silver) further compress profit margins. More importantly, the contraction of government subsidy policies is eroding industry policy benefits, while market demand remains weak and new car sales are sluggish. These factors combined make it difficult for this asset to gain upward momentum in the short term. For investors seeking risk-adjusted returns, a wait-and-see approach may be more prudent.