In a high-interest rate climate, both EV and solar stocks are underperforming, with major companies like Tesla and Enphase facing challenges, making neither an immediate attractive investment.
Rivian's impressive strides in production, overcoming supply chain challenges and expanding into new markets, position them as a frontrunner in the electric vehicle industry.
The revised federal tax credits for electric vehicles, driven by new battery sourcing requirements, benefit U.S. automakers like Tesla, GM, Ford, and Stellantis while leaving Hyundai, Kia, Nissan, and Volkswagen at a disadvantage, potentially impacting their stock performance.
I have written a lot about Tesla and Nio in the past, so in this article, I’ll touch on two other EV makers that have caused some sleepless nights for investors.