Selloff in Highly Priced Tech Stocks Is Pressuring Hedge Funds That Piled In
Sure, there have been raw-material plays like lithium or copper companies, but in terms of automakers, viable investments have been few and far between — that is until companies like Lucid Group (NASDAQ: LCID), Rivian Automotive (NASDAQ: RIVN), and Nio hit the scene. Plus, there are several legacy automakers like Ford that are serious about diversifying toward electric vehicles (EVs). This sudden surge of options can be overwhelming. One choice could be investing in the kingpin itself, Tesla (NASDAQ: TSLA), or exposing yourself to high-risk, high-reward growth with a 50/50 split of both Lucid and Rivian.