2 Overvalued Electric Vehicle Stocks to Avoid This Month

The electric vehicle (EV) industry is currently slowing down—due primarily to a global semiconductor shortage—following its stellar performance in 2020. Because major EV companies have been scaling back production amid rising costs, their current valuations look expensive. Thus, we think it might be wise to avoid Tesla (TSLA) and Workhorse Group (WKHS) for now. Let’s discuss.