HomeMarketsIndicesElectric Vehicle Stocks: RIVN, F, GM & Stocks On The Rise: BMBL, SONO
Electric Vehicle Stocks: RIVN, F, GM & Stocks On The Rise: BMBL, SONO

"The stock market today, particularly the S&P 500 is starting to plateau. Real estate stocks are trading lower due to mortgage rates," says Joe Mazzola. Wells Fargo recently downgraded the Ford Motor (F) stock and the General Motors (GM) stock. The analyst stated that the battery electric vehicle costs have massively risen and raw materials are tight. "Tesla (TSLA) stock has outperformed other electric vehicle companies due to better supply chain management," Mazzola adds. Additionally, the Bumble (BMBL) earnings report indicated $211.2M, beating the estimate. The BMBL stock price today is up over 22%. Sonos Inc. (SONO) stock price today is up over 12% following the recent earnings call and speaker demand. Beyond Meat (BYND) earnings report showed -$1.58 in Earnings Per Share, missing the estimate. The BYND stock price today is down over 4%. Finally, the Rivian Automotive (RIVN) stock price today is up over 16% following the earnings report.

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