2 Electric Vehicle Stocks that Plunged More than 7% Last Week
The electric vehicle (EV) industry experienced tremendous growth last year. However, a global semiconductor chip shortage and overvaluation concerns have caused EV stocks to retreat this year. This, along with the rising competition in the EV space, makes us think the near-term growth prospects are bleak for prominent EV players Tesla (TSLA) and NIO (NIO). Read on.
Source: Business – Entrepreneur