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

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

 

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