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Electric vehicle stocks defied the broader market optimism and ended mostly lower in the week that ended on March 8, led by Tesla, Inc. (NASDAQ:
While some Rivian investors may have given up their hopes on the EV maker, a fund manager still sees it as a credible number 2 to Tesla by 2030.
"Where I've been massively wrong is not anticipating that TSLA would start a price war, which has caused TSLA 2024 and 2025 earnings power to collapse," he said.
He saw the strong performance of Walmart as a testament that the "American consumer is alive and well."
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Last year was wild one for EV company Tesla (NASDAQ:TSLA). The stock surged hig...