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StockNews.com
StockNews.com
Business
Nidhi Agarwal

Steer Clear of These 4 Auto Stocks

LAZR AEVA United States Luminar Technologies Inc Street

Persistent inflation, the recent collapse of the banking industry, and high-interest rates, and falling consumer sentiment might dampen the auto industry’s near-term prospects.

Therefore, amidst the macroeconomic challenges, I think Luminar Technologies, Inc. (LAZR), Aeva Technologies, Inc. (AEVA), Nuvve Holding Corp. (NVVE), and Siyata Mobile Inc. (SYTA) could be best avoided, considering their fundamental weakness.

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