The ongoing volatility surrounding equity markets has allowed investors to buy quality growth stocks at a steep discount. In recent months, growth stocks across sectors have been pummeled due to a variety of reasons.
For example, companies part of the electric vehicle (EV) space such as Mullen Automotive (MULN) and Lordstown Motors (RIDE) are currently trading 90% below all-time highs. While the electric vehicle industry is well poised to expand at an enviable pace in the upcoming decade, investors have to brace for a roller-coaster ride as most companies are still pre-revenue and burning cash at exorbitant rates.
