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ValueWalk
ValueWalk
Fueled by widespread demand, government incentives, digital innovation, and performance-hungry investors, top electric vehicle (EV) companies and traditional automakers are in for yet another banner year, as the EV market swells. Q4 2022 hedge fund letters, conferences and more Last year alone, new registered EVs accounted for roughly 5.8% of all new cars sold in the United States, marking an increase from the 3.1% reported a year earlier. Manufacturers across the auto industry are now entering the electric vehicle production race, making the start of a global shift from combustion to clean an...
ValueWalk
A new deal with Foxconn has Lordstown Motors riding higher.Workhorse Group also announced some good news the market isn’t cheering over.The fundamentals are in place for both of these stocks to reverse course.Workhorse Group (NASDAQ:WKHS) and Lordstown Motors (NASDAQ:RIDE) shares are moving in different directions post-Q3-earnings release but both stocks are set up to rally into year-end. The key takeaway from both reports is that production has begun, deliveries are being made (or on the schedule) and both should ramp in 2023. Q3 2022 hedge fund letters, conferences and more Find A Qualified ...
ValueWalk
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