3 EV Stocks to Sell in August Before They Crash & Burn
Lucid (LCID) Investor Place·2024-08-09 18:35
Electric vehicle (EV) companies are likely going to face a significant challenge in the upcoming months. Inflation, while slowing, is still choking investors and consumers alike and remains a key concern for the Federal Reserve's economic policy. The premium price of a new car (used cars don't directly impact a company's revenue, so they aren't factored in) eliminates many potential buyers. Additionally, ever-increasing unemployment is causing further turmoil, with fears of a recession rising. This cut on d ...