2024-01-30 10:48:00 ET
Extending the rally that resulted in a gain of more than 24% last year, the S&P 500 is off to a strong start for 2024, thanks to the prospect of lower interest rates and encouraging economic data.
But many electric vehicle (EV) stocks have driven in the opposite direction. Tesla (NASDAQ: TSLA) , Rivian (NASDAQ: RIVN) , and Lucid (NASDAQ: LCID) , for example, are three EV stocks that have faced a rocky road in the early days of 2024. Despite their poor performances, though, there are valid reasons to believe that they can all accelerate higher in the months -- and years -- to come.
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For further details see:
If You Like Tesla, Then You Will Love These 2 Beaten-Down EV Stocks