Why Investors Should Avoid These 3 Struggling EV Stocks

1
Comment
Favorite

Why Investors Should Avoid These 3 Struggling EV Stocks

InvestorPlace02-01

Tread cautiously in the market, recognizing the turbulence surrounding struggling EV stocks. Lucid (LCID): Lucid’s descent from its $55 peak epitomizes the pitfalls of overambition, with a staggering ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

No comments yet

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2408273815?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-02-01 13:34","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2408273815","market":"us","top_or_hot":-1,"title":"Why Investors Should Avoid These 3 Struggling EV Stocks","media":"InvestorPlace","content":"<div>\n<p>Tread cautiously in the market, recognizing the turbulence surrounding struggling EV stocks.\nLucid (LCID): Lucid’s descent from its $55 peak epitomizes the pitfalls of overambition, with a staggering ...</p>\n\n<a href=\"https://investorplace.com/2024/02/why-investors-should-avoid-these-3-struggling-ev-stocks/\">Source Link</a>\n\n</div>\n","source":"investorplace_stock_picks","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Investors Should Avoid These 3 Struggling EV Stocks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Investors Should Avoid These 3 Struggling EV Stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-02-01 13:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2024/02/why-investors-should-avoid-these-3-struggling-ev-stocks/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tread cautiously in the market, recognizing the turbulence surrounding struggling EV stocks.\nLucid (LCID): Lucid’s descent from its $55 peak epitomizes the pitfalls of overambition, with a staggering ...</p>\n\n<a href=\"https://investorplace.com/2024/02/why-investors-should-avoid-these-3-struggling-ev-stocks/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BSNM7G36.USD","symbol_name":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","start_time":0,"source_url":"https://investorplace.com/2024/02/why-investors-should-avoid-these-3-struggling-ev-stocks/","article_id":"2408273815","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2408273815","pubTimestamp":1706765693,"columns":[],"sourceInfo":{"source_id":"investorplace_stock_picks","name":"InvestorPlace stock picks"},"weMediaInfo":null,"summary":"Reassess your portfolio as struggling EV stocks reflect the market's volatile phase and Tesla's topsy-turvy start.","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4588":"碎股","ISBC":"投资者银行",".IXIC":"NASDAQ Composite","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU2063271972.USD":"富兰克林创新领域基金","BK4574":"无人驾驶","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0823414478.USD":"法巴经典能源转换基金","PSQ":"纳指反向ETF","LU0056508442.USD":"贝莱德世界科技基金A2","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","BK4581":"高盛持仓","QLD":"纳指两倍做多ETF","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","TSLA":"特斯拉","BK4548":"巴美列捷福持仓","LU1548497426.USD":"安联环球人工智能AT Acc","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","BK4592":"伊斯兰概念","BK4562":"SPAC上市公司","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","SQQQ":"纳指三倍做空ETF","QQQ":"纳指100ETF","BK4585":"ETF&股票定投概念","FSR":"菲斯克","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","NKLA":"Nikola Corporation","LU0823411888.USD":"法巴消费创新基金 Cap","BK4211":"区域性银行","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","TQQQ":"纳指三倍做多ETF","LCID":"Lucid Group Inc","QID":"纳指两倍做空ETF","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","BK4527":"明星科技股","LU0234570918.USD":"高盛全球核心股票组合Acc Close"},"translate_title":"为什么投资者应该避开这三只苦苦挣扎的电动汽车股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLA":1,"NKLA":1,"FSR":1,"LCID":1,"ISBC":1,".IXIC":0.89,"PSQ":0.6,"QID":0.6,"QLD":0.6,"QQQ":0.6,"SQQQ":0.6,"TQQQ":0.6,"NQmain":0.6,"MNQmain":0.6},"content_text":"Tread cautiously in the market, recognizing the turbulence surrounding struggling EV stocks.\nLucid (LCID): Lucid’s descent from its $55 peak epitomizes the pitfalls of overambition, with a staggering 90% stock decline and scaled-back production forecasts highlighting its struggles.\nNikola (NKLA): Nikola’s journey is marred by management upheavals, staggering losses, and a failure to revive its once-promising narrative in the electric truck sector.\nFisker (FSR): Fisker’s trajectory is laden with operational missteps, from unresolved vehicle issues to alarming safety concerns, compounded by a significant inventory surplus.\n\n\n\n\n\n \n\nSource: buffaloboy / Shutterstock.com\n\n\n\nAs the bull market charges ahead, savvy investors are effectively optimizing their portfolios, making it imperative to scrutinize the electric vehicle (EV) sector, once hailed as a paragon of portfolio growth. Currently, the industry is navigating through a tempestuous phase, branding certain struggling EV stocks as remarkably unattractive.\nEV pioneer and industry leader Tesla (NASDAQ:TSLA), previously the vanguard of the sector, is marking its most abysmal start to a year, a sentiment resonating industry-wide as numerous EV manufacturers witness their shares drop to unprecedented lows.\n In the U.S., the situation intensifies with the EV SPAC bubble undergoing a major burst. This confluence of challenges paints a stark picture for the EV market, compelling investors to reevaluate and reinforcing the need for a strategic and cautionary approach in the face of the industry’s uncertain near-term trajectory.\nLucid (LCID)\nSource: shutterstock.com/JLStock\nOnce the darling of investors betting on the burgeoning EV market, Lucid (NASDAQ:LCID)  is navigating through troubled waters. Its stock, which soared to a high of $55 per share in late 2021, has since plummeted by more than 90%, leading to its removal from the Nasdaq 100 index, a major blow to investor confidence.\n The company’s production numbers add to the concern, declining to 2,391 vehicles in the fourth quarter from 3,493 a year earlier. Overall, Lucid Group produced 8,428 vehicles and delivered only 6,001. This underwhelming performance is compounded by a revision of its 2023 production forecast, which it slashed a month ago from an ambitious 10,000 vehicles to a meager 8,000 to 8,500.\nFurthermore, Lucid’s consistent failure to meet its pre-IPO commitments casts a long shadow over its credibility. The mounting operating losses, reflected in a dismal profitability rank of 1 out of 10 by GuruFocus, further exacerbate investor apprehensions, making Lucid a textbook case of unfulfilled potential in the EV sphere.\nNikola (NKLA)\nSource: Marian Weyo / Shutterstock.com\nOnce a beacon in the electric truck market, Nikola (NASDAQ:NKLA)  faces a grim reality. Struggling to keep its stock above the critical $1 mark, the firm has received yet another warning from NASDAQ, signaling a potential delisting. \nHowever, this isn’t uncharted territory for Nikola; a similar caution was issued in May 2023. Since then, the company hasn’t shown any signs of significant growth, with its stock nosediving by more than 70% in the past six months. The ongoing saga of fraud allegations and the founder’s conviction casts a long shadow over Nikola’s future.\nEmbarking on a journey for redemption with new management and an Arizona plant, Nikola aimed to rewrite its story. However, 2023 has brutally quashed any flickers of hope for a turnaround. The CFO’s resignation amidst product recalls and losses, which grew over 5,700% from 2017 to the trailing twelve months to a negative $1.03 billion, added to the narrative of a company in freefall. Having squandered its second chance, Nikola is starkly out of step with this reality.\nFisker (FSR)\nSource: shutterstock.com/DigitalPen\nFisker (NYSE:FSR) emerges as a textbook example of an EV stock to avoid, a name you’d be wise to leave out from your investment portfolio. Plagued by unfulfilled promises and recurring issues with its Fisker Ocean model, its reliability becomes increasingly questionable. Moreover, Fisker found itself in hot water with the National Traffic Highway Safety Administration of late over serious braking concerns, a red flag for any potential car owner.\nIn a telling revelation of its operational woes, Fisker delivered just 4,700 vehicles out of the 10,000 produced last year, leaving a sizeable inventory surplus from 2023. This excess and a recent cutback in production goals indicate a lack of confidence in meeting future production targets. Despite attracting interest from over 100 dealers, the pivot to a dealership model smacks of desperation in liquidating lingering inventory. With an unsettling $290 million worth of unsold cars, Fisker’s financial footing appears remarkably shaky, casting further doubt on its viability. This makes it one of those struggling EV stocks.\nOn the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines\nMuslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor’s of science degree in applied accounting from Oxford Brookes University.Consumer Discretionary, Automotive, Electric VehiclesGrowth Stocks\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2024/02/why-investors-should-avoid-these-3-struggling-ev-stocks/.\n©2024 InvestorPlace Media, LLC","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}