3 EV Stocks to Buy at New Lows in July
BYD(BYDDY) Investor Place·2024-07-18 05:16
Electric vehicle (EV) companies, for the most part, are still reeling from a broader slump in the market. Some EV makers have seen their sales decline and others their margins. Ever since the U.S. Federal Reserve decided to raise interest rates in order to combat rising inflation, new car buyers have struggled to take on increasingly expensive car notes. In turn, EV companies, including Tesla (NASDAQ:TSLA), BYD (OTCMKTS:BYDDY) and many others have had to resort to discounts to entice new customers.Thankfull ...