As sales dwindle and profit margins shrink for megalithic electric vehicle stocks like Tesla (NASDAQ:TSLA), the industry faces scrutiny over its current trajectory. Despite a surge in adoption over recent years, tightening economic conditions are pricing many consumers out of the high-end electric vehicle market. Nevertheless, electric vehicles are here to stay. Likewise, the industry’s prevailing bearish sentiment offers a strategic opportunity to invest in lesser-known electric vehicle stocks
It was a good week for EV chip stocks as leading automotive CEOs hinted a recovery could be on the horizon.
This tech company is down and out today, but its products could see massive adoption in the future.