While legacy automakers General Motors (NYSE: GM) and Ford Motor (NYSE: F) continue to scale down and reassess their EV ambitions, Hyundai Motor Company (OTC: HYMTF) is growing its EV portfolio. After setting a strong foundation with its current EV success in the U.S. with IONIQ 5, IONIQ 6 and Kona Electric, Hyundai will be introducing a three-row electric SUV, the IONIQ 9. While even the EV king, Tesla Inc (NASDAQ: TSLA) kicked off 2024 by struggling with the slowdown, Hyundai has been enjoying
A May poll conducted by The Wall Street Journal showed that more than 60% of conservatives dislike electric vehicles while more than 60% of liberals like all-electric cars.
Investors need to pay close attention to Ford (F) stock based on the movements in the options market lately.