The electric vehicle (EV) startup space is fraught with risk and uncertainty. The vast majority of U.S. EV startups are burning through cash at an alarming rate while struggling to deliver vehicles to market. Going up against established automakers with decades of manufacturing expertise and vast financial resources is a monumental challenge.
As we head into the summer months, it’s time to take a hard look at your early-stage EV investments. As an investor, you need to differentiate between speculative plays and companies poised to generate real revenues and potential profits. Let’s look at the two EV stocks to sell and then look at the ones you should buy instead.
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