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TRUE Forecast

Bearish <—> Bullish

80% Confidence

Bullish Case: Growing demand in the used EV market and strategic partnerships could drive a rebound in TRUE, capitalizing on current market dynamics.

Bearish Case: Persisting market volatility, economic uncertainty, and high implied volatilities suggest potential downside risks, with historical trends showing negative returns.

Potential Outcomes:

1. Rebound driven by used EV market surge (35%).

2. Continued decline due to volatility (40%).

3. Stagnant performance with low volatility (25%).

June 26, 2025

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