Seemingly overnight, U.S. stock market sentiment has shifted from unrelenting optimism to a frenzy of fear. Those feelings have permeated into the electric vehicle (EV) industry. Share prices of Ford ( NYSE:F ) , General Motors ( NYSE:GM ) , Tesla ( NASDAQ:TSLA ) , Lucid Group ( NASDAQ:LCID ) and Rivian Automotive ( NASDAQ:RIVN ) are all down over 20% since Jan. 4. Investors with nerves of steel and a long-term time horizon could consider buying the dip in Ford stock and Nikola ( NASDAQ:NKLA ) . Here’s what makes each growth stock a great buy now. Image source: Ford Motor Company. Ford is accelerating its push toward EVs Daniel Foelber (Ford): Like the rest of the EV industry, Ford stock has been absolutely crushed in recent weeks as broader market volatility and the impending period of rising interest rates cast a wet blanket on growth industries. The sell-off is arguably warranted as the process of investing in research and development, developing new electric models, building battery plants, and opening production lines is a capital-intensive process that often gets funded with debt. Yet, some historical context is in order. Monetary policy has been very generous toward the U.S. stock… Read full this story
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