What’s happening to EV stocks? All down- like NIO is almost 14$ which is all time low. Despite buying a company that supplies batteries to secure its supply chain and it will enter very soon to the European market- it’s down more than 30% this past month

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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?

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That's also not a yes or no answer. Does this company make money or not?

EV and green stocks are all dropping.
Oil is strong.

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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

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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.

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

Yup true. I would see EV stock prices going up in 2-3 months

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