Does the Tech Sell-Off Affect EV Stocks Like Lucid and Nio?
On the surface, the stock market appears to be doing relatively well. The Nasdaq, S&P 500, and Dow Jones Industrial Average indices are all down around 5% from their recent highs and are still up big for the year. Look closer, however, and it's clear that the prices of many smaller growth stocks, and even some top-tier companies, are hovering around 52-week lows.
Investors that follow the electric vehicle (EV) industry are probably wondering if the tech sell-off affects growth companies like Lucid Group (NASDAQ: LCID) and Nio (NYSE: NIO). Here's a look at how each company could be impacted.
Image source: Lucid Group.
Source Fool.com
