Why EV Stocks Are Getting Crushed
Electric vehicle stocks are falling across the board in 2023 as investors question how price cuts, higher interest rates, and increasing competition will impact the industry. It hasn't helped that Lucid (NASDAQ: LCID) and Rivian (NASDAQ: RIVN) have questions about demand, and Rivian said it will sell debt to raise even more cash. Travis Hoium digs into why EV stocks are down so badly recently.
*Stock prices used were end-of-day prices of March 7, 2023. The video was published on March 10, 2023.
Source Fool.com
