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Ford announced it will decrease EV truck production in a move that could indicate falling demand industrywide.
Fool.com contributor Parkev Tatevosian discusses what these developments could mean for Ford (F 0.30%), Rivian (RIVN 1.63%), and Tesla (TSLA 0.04%) shareholders.
*Stock prices used were the afternoon prices of Jan. 22, 2024. The video was published on Jan. 24, 2024.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy.
Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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