Proximity to EV action becomes stock Viagra to legacy companies
November 5, 2021
One thing seems certain these days: If you’re a legacy car sector company wanting to give your stock price a serious goosing, find some way to thrust yourself into the EV news cycle.
This week gave the world another reminder that Wall Street is ready to reward pretty much any company offering signs of snuggling up to the EV future. On Tuesday, share prices in car rental giant Avis skyrocketed…