By Vitaliy Katsenelson CFA
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Over the last few months, electric car sales seem to have gone from hot to cold. Hertz is dumping 20% of its 100,000 Tesla fleet, and Ford is cutting production of its F-150 Lightning. Tesla has gone from raising prices to cutting them. In fact, Tesla is reducing prices so much that the CEO of Stellantis (a merger between Fiat and Peugeot) has expressed concern that if other automakers join Tesla CEO Elon Musk in implementing similar cuts, it will result in a bloodbath for the industry.
And so, are electric cars a fad, like beanie babies, pet rocks, or fidget spinners?
The short answer is no. The full answer comes with a lot of nuance. READ HERE:
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Filed under: "Ask-an-Advisor", Alternative Investments, Experts Invited, Financial Planning, Information Technology, Interviews, Investing, Op-Editorials | Tagged: electric cars, EV, ev market, musk, Tesla, Vitaliy Katsenelson CFA |















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