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Don't Buy EV Stocks (Including Tesla) Until You See This

Why have electric vehicle stocks struggled over the past year? The answer is pretty simple when you look at the numbers. Supply has increased faster than demand and prices have dropped as a result.

In this video, Travis Hoium shows why that's going to continue for the foreseeable future and what stocks may be affected most.

*Stock prices used were end-of-day prices of Feb. 25, 2024. The video was published on Feb. 26, 2024.

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Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Alphabet and Apple. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, and Tesla. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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