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3 reasons why the recent electric vehicle stock-price correction isn't the end of the road for the EV trend, according to the world's largest wealth manager
26 days ago | By Business Insider
Summary List Placement Electric-vehicle stocks have taken a hit the past few weeks amid a rotation away from highly valued tech and growth names, but that doesn't mean it's the end of the road for the EV boom, according to Mark Haefele, chief investment officer of UBS Global Wealth Management.
Long-term technological and environmental shifts suggest the boom should continue, while acknowledging that volatility in the share prices of individual companies argues for investors to diversify their exposure. Still, Haefele's team said investors should consider the underlying data.
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