Electric Vehicles: Bullish Long-Term?

Two of the worst performing stocks in the Nasdaq-100 are electric vehicle makers like Rivian (RIVN). With high gas prices, is there a strong demand for EVs? “There are short-term pressures facing the consumers. However, long-term, consumer social media mentions of purchasing an electric vehicle are up 87% year-over-year. This is caused by a price parity with traditional cars, a perception of quality, and seeing electric vehicles as a luxury vehicle. Also, companies like Tesla (TSLA) have proven that they can make EVs at scale,” says LikeFolio’s Megan Brantley. Tom White and Kevin Hincks weigh in on Elon Musk and Twitter.

Fast Market

22 Dec 2022

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