2 EV Stocks to Avoid in August

After a stellar rally in July, electric vehicle (EV) stocks have fallen in recent days. While the broader markets have also come off their highs, growth names like EV stocks have dropped sharply. Though the green energy ecosystem – of which EV companies are a part – holds long-term promise thanks to the global pivot towards sustainability, I believe Lucid Motors (LCID) and Nikola (NKLA) are two EV stocks that investors should avoid as the broader markets weaken.

EV Companies Continue to Post Losses