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The electrical vehicle industry is back on the upswing. In truth, after a dismal 2022, EV stocks saw far stronger returns in Jan. Industry leader Tesla (NASDAQ:TSLA), for instance, has seen its stock price run up greater than 50% over the past month. Tesla’s headline-grabbing rebound breathed latest life into lots of the smaller EV stocks as well. Nonetheless, there are still several EV stocks to sell immediately.
Most of the electric vehicle firms that plunged in value in 2022 did so with good reason. Across the industry, firms have struggled to generate meaningful revenues, maintain strong balance sheets, or otherwise position their businesses for long-term success. As such, with some top EV stocks surging, it’s time to think about a few of the top EV stocks to sell, too. These seven EV stocks, specifically, seem primed for significant declines after the recent rally.
Faraday Future Intelligent Electric