Warren Buffett has inspired a generation of investors with his tested methodology of investing in value stocks and holding them for the long term. The fact that he features in the top five of the billionaires’ list is a testament to his success with his investments through Berkshire Hathaway, Inc.
Cathie Wood’s Ark Invest has recently been increasing bets on its portfolio stocks when they sell off, with the "buying the dip" approach reflecting its confidence in these stocks.
Electric vehicle stocks came under selling pressure in the week ended Feb. 24, weighed down by the general rise in risk aversion and a negative earnings report from luxury EV manufacturer Lucid Group, Inc. (NASDAQ: LCID).
Here are the key events that happened in the EV space during the week: