EV Stocks Are Getting Crushed: Time to Buy?
Electric vehicles have grown from a tiny number of sales a decade ago to selling 3.1 million units in 2020, according to InsideEVs, and the market continues to grow. In the past year, companies like General Motors and Volkswagen have made big promises to expand EV production in the next decade.
But the growth of EV sales hasn't been all good for EV stocks lately. Churchill Capital IV (NYSE: CCIV), Climate Change Crisis Real Impact I Acquisition (NYSE: CLII), and Nikola Corp (NASDAQ: NKLA) have all cratered of late and investors seem nervous that valuations have grown too much too fast. Three of our Fool.com contributors are weighing in on whether now is the time to buy these beaten-up electric vehicle stocks.
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Source Fool.com
