A March 2024 article on CNBC suggested the EV euphoria is dead. This view was backed by the fact that automakers have been scaling back on their EV expansion plans. Undoubtedly, the industry is suffering from factors that include competition, macroeconomic headwinds, and slower adoption by consumers. However, it’s too early to believe it’s the end of the road for EVs. In the coming years, the industry will see consolidation and the potential failure of multiple EV companies. The ones that surviv
There are some EV stocks to sell for this April. Sometimes, it’s best to ditch companies that are underperformers, instead of hanging on for a chance to recover. The EV market has seen significant volatility in recent months, with many high-profile companies struggling to maintain momentum. Investors may want to consider selling off positions in EV startups or established automakers that have failed to keep pace with industry leaders. Tesla (NASDAQ:TSLA) is one of those companies that has faced
ChargePoint (CHPT) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.