Why do car companies stocks have mediocre performance
I’m a big believer in rivian and have confidence it will rise long term, but this made me look at car company historical stocks…
It seems cars are as ubiquitous as many tech we see today but why do they perform with such mediocrity compared to tech companies? I understand the competition is fierce there but even very reputable companies such as Honda appear to just not have strong growth over the past 5-10 years?
It seems cars are as ubiquitous as many tech we see today but why do they perform with such mediocrity compared to tech companies? I understand the competition is fierce there but even very reputable companies such as Honda appear to just not have strong growth over the past 5-10 years?
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OhNowGombie : because they’re not profitable/expected to be profitable over the long-term… that’s my guess. And I haven’t really experienced electric cars much myself seems Rivian is the only quality one I’ve ever seen.