Automotive stocks are taking a beating on Wall Street lately, and it looks like it is going to get worse before it gets better. There are lots of factors to take into account here including inflation, rising car prices, increased manufacturing costs, recalls, higher interest rates, falling demand, and profit capital being forced to EV R&D. Our very own Jonathan Wooley wrote a great article about it that can be found here: https://s3mag.com/automotive-industry-taking-hits-in-the-stock-market/
Here’s my rant if you’re feeling a little too lazy to read:
@s3magazine Its been a blood bath on Wallstreet for automotive stocks recently. #automotivenews #stocks #wallstreet #investing #investment #ev #electricvehicle #tesla #ford #gm #stellantis #dodge #vw #toyota #inflation
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