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3 EV Stocks to Sell in May Before They Crash & Burn
Rivian AutomotiveRivian Automotive(US:RIVN) InvestorPlace·2024-05-08 18:31

Consumer interest has definitely has started to shift away from EV stocks with many investors choosing to sell them in favor of conventional combustion engine companies. Everything from government subsidies to concerns about climate change has spurred growth in the sector. However, since the beginning of the U.S. Federal Reserve’s 2022 rate hike cycle, the space has begun to face a number of demand headwinds. The automotive market in the United States depends on cars loans to feed consumer purchases of new ...