Ford Motor Company (NYSE:F), General Motors Company (NYSE:GM) - EV Brutal Sell-Off Presets A 'Buckle The Seat Belts' Buy Opportunity, Says Wedbush
Share: Tesla Inc (NASDAQ: TSLA) and Nio Inc (NYSE: NIO) is a “buckle the seat belts” buy opportunity, according to Wedbush analyst Daniel Ives. The analyst noted that the white knuckles across the sector had been focused on Chinese EV players like Xpeng Inc (NYSE: XPEV), Nio, and Li Auto, Inc (NASDAQ: LI) along with battery plays such as QuantumScape Corp (NYSE: QS). The Party’s On: Ives said in a note on Friday that the “EV party is just beginning” in a response to a question from investors who want to know if the rally in EV stocks is over.
Source: benzinga.com