This EV risk is bad news for EV stocks like Rivian, Lucid, MULN, GOEV

It’s no secret that this is not a good year for EV stocks like Rivian, Tesla, Mullen Automotive, Canoo (GOEV), and Lucid Motors as most of them have tumbled hard. In a previous article, I warned that these companies face a difficult time as China’s EV companies like Nio, BYD, and Li Auto boost their production.This is an important issue since China is known for driving lower prices of most items. In that article, I gave the example of steel whose price has crashed hard in the past few years. As a result, st ...