Premarket stocks: Electric vehicle hype is still driving car stocks | CNN

Car sales at major automakers are plunging due to a shortage of computer chips that’s forced factory shutdowns and crimped supply.

But that’s not fazing Wall Street, which remains laser-focused on investment in electric vehicles that could power future growth.

What’s happening: General Motors (GM), Chrysler-owner Stellantis and Honda (HMC) all recently said that sales fell sharply over the past three months due to supply chain disruption. The latest update from Ford (F) is due Monday.

Read More

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s