Recharging required: Can EV stocks bounce back from recent lows?
Since peaking near the end of the COVID-19 pandemic and briefly after its conclusion, the electric vehicles (EVs) market seemed to start cooling down. Many EV stocks are free-falling, with a prominent example being Tesla (NASDAQ: TSLA), which lost over 30% of its value since the start of the year. However, while the current prospects are grim, can EV stocks bounce back from recent lows in the future?Why are EV sales dropping?The start of 2024 was harsh for EV companies, with stock prices tanking and investo ...