Negative: Caution advised on investing in VinFast and Nikola despite Fed rate cut

From Barchart: 2024-09-20 09:20:15

The Federal Reserve’s significant interest rate cut has sparked optimism in the markets and automotive industry, but EV stocks like VinFast and Nikola are not recommended for investment. Despite the positive impact on the broader markets, caution is advised when considering these particular electric vehicle companies.



Read more at Barchart: 2 EV Stocks to Sell Now, Despite the Fed’s Big Rate Cut