Tariffs may not benefit electric vehicle stocks, similar to solar and wind industries

From Nasdaq: 2024-05-29 09:03:00

Tariffs used as a tool for U.S. industries haven’t worked well for investors. Solar and wind tariffs didn’t help companies profit, likely similar for electric vehicles (EVs). *Stock prices as of May 26, 2024. Video published on May 28, 2024.

Consider investing $1,000 in Rivian Automotive carefully. Motley Fool’s Stock Advisor team didn’t pick Rivian as one of the 10 best stocks for investors. Previous picks like Nvidia saw huge returns. Stock Advisor service has outperformed S&P 500 since 2002*.

Travis Hoium holds positions in First Solar and SunPower. Motley Fool has positions in and recommends Tesla. Disclosure policy applies. If subscribing through their link, they may earn extra money. Views are their own, unaffected by The Motley Fool. *Returns as of May 28, 2024.

[Disclaimer: Opinions expressed are author’s own and do not reflect Nasdaq, Inc.]



Read more at Nasdaq: History Says Tariffs Won’t Save EV Stocks