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Rising Star
Let's pretend you're an auditor at PwC (completely plausible) - do these EV companies make any money? Or are they just a collection of pits to light your cash on fire?
Rising Star
That's also not a yes or no answer. Does this company make money or not?
Pro
EV and green stocks are all dropping.
Oil is strong.
Conversation Starter
True, but I hope that oil and gas is not in a bubble market. And yeah oil is now a sword with 2 edges, it might hold on a recession and at the same time it might cause it
Russia
It’s the big hot word atm. There are other factors, but that’s way to down the rabbit hole. I’m not going to give a TED talk.
Pro
The fed is reacting to inflation, stocks are reacting to rates, and now consumers are reacting to the market
This is market wide not just ev’s. Since the economy is on fire and demand for evs is sky high, I imagine any current price action is temporary
Conversation Starter
Yup true. I would see EV stock prices going up in 2-3 months