Will EV stocks rock and roll next week?
The EV industry has heaved a deep sign of relief that EV buyers have not held back their purchases despite concerns over lagging recovery of the Chinese economy and consumer demands.
Hopefully, there will be spillover effects on the global EV market, benefiting the likes of $Faraday Future Intelligent Electric Inc.(FFIE)$
With latest US inflation data continuing to show cooling prices and signs of some easing of tight labor market emerge as unemployment rises, hopes are rising that the Fed will pause its rate hike.
Rising interest rates have increased the borrowing costs of EV startups and their valuations. Hence, hopefully a pause in rate hikes will return market optimism on EV stocks.
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