Not too long ago, the electric vehicle (EV) sector was experiencing a surge in stock value. The year 2021 saw a lot of excitement surrounding the industry, with new players like Rivian Automotive and Lucid Group making grand entrances into the market. Traditional automakers were also making bold claims about expanding their EV offerings.
Fast forward to today, and things have changed significantly. With a major downturn in the industry, now is the perfect time to hunt for bargains. One standout EV stock deserves your attention right now.
Could this well-known EV stock be a steal?
Tesla (NASDAQ: TSLA), under the leadership of the controversial Elon Musk, made waves in the market ten years ago. While it may seem commonplace now, Tesla had to work hard to convince skeptics that EVs could be stylish, reliable, and enjoyable to drive.
The company’s substantial investments in its charging infrastructure helped boost global interest in electric vehicles when they were still relatively new…
2024-09-21 17:42:00
Post from finance.yahoo.com