3 factors are driving a broad decline in electric-vehicle stocks, but it's a 'massive buying opportunity' for investors, Wedbush says

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

'This is not the time to panic in EV land ... just part of the multi-year ride higher,' Wedbush analyst Dan Ives said.

and halted production for five days due to a widespread semiconductor shortage that has hit the auto industry hard.

An upcoming catalyst to continue the rise higher in the EV sector could be a rollout of President Joe Biden's green agenda, which will likely include EV tax credits and more consumer incentives to drive the adoption of electric vehicles, according to Ives.its green-energy agenda

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines