Thursday, April 25, 2024 3:29:27 PM
These big ticket items are much more sensitive to financing rate and inflation.
Guess what, automakers have actually done well despite higher rates and record prices. TSLA is a meme stock so we can leave that out of discussion. There has been a slowdown in growth of EV adoption which is unique to that sector sure but the other EV companies you mentioned are also unprofitable so are suffering the same fate as RIVN and RVNC. Interest rates are impacting the desire to own speculative stocks more than they're impacting the underlying business. This is my last post on this as it's obviously tangential.
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