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According to Makoto Uchida, the CEO of Nissan Motor Co., Ltd. (OTC:NSANY), “We have a semiconductor shortage as an industry and how we recover from that is critical.” Moreover, sky-rocketing production expenditures with regards to EVs pose a threat for several companies. Stellantis N.V. (STLA) CEO Carlos Tavares said on December 1 that the costs are “beyond the limits” of what the auto industry can sustain.
Given this backdrop, it could be wise to avoid EV stocks Arrival (ARVL) and Faraday Future Intelligent Electric Inc. (FFIE). They have lost more than 25% over the past month, and their growth prospects look bleak.
