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Which Electric Vehicle Stock Is a Better Investment? -Breaking

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© Reuters. Workhorse Group vs. Lightning eMotors, Which Electric Vehicle Stock is a Better Investment

Workhorse and Lightning eMotors (ZEV), both electric vehicle stocks, have fallen behind the broader market by a large margin this year. Today I’ll analyze the issues impacting the two EV manufacturers to see which is a better buy the dip stock right now.A pullback in stock prices may allow you to purchase shares of a company at a lower valuation multiple. However, investors need to carefully examine the factors that led to the decrease. After a huge run in 2018, several EV stocks are now underperforming the wider markets for 2021.

The high valuations of the majority of these stocks worried investors. The government’s ongoing crackdown on tech companies from China also made it more difficult for EV firms based in China. Investors have an opportunity to find quality stocks for less than the cost of a premium and reap long-term exponential returns.

These factors are important to consider when deciding whether Workhorse Group or Lightning eMotors is a better EV stock today.

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