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EV companies are growing production quickly, but some recent news shows why caution may be appropriate for investors.
Electric vehicle stocks may be in for a rough year in 2024 as the industry faces overcapacity and weakening consumer demand. Falling prices and falling stock prices haven't helped confidence in the industry's future.
In this video, Travis Hoium covers the industry's trends and why there are some major names that may face big headwinds over the next few years.
*Stock prices used were end-of-day prices of Nov. 25, 2023. The video was published on Nov. 26, 2023.
Travis Hoium has positions in General Motors. The Motley Fool has positions in and recommends Tesla. The Motley Fool recommends General Motors and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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