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History Says Tariffs Won't Save EV Stocks

Tariffs didn't save wind and solar companies, and it won't save EV companies either.

By Travis Hoium – May 29, 2024 at 9:03AM EST

Tariffs have been used as a tool to save U.S. industries before, and it doesn't often work out well for investors. In this video, Travis Hoium gives background on how solar and wind tariffs didn't help companies make money and how the same will likely play out in electric vehicles (EVs).

*Stock prices used were end-of-day prices of May 26, 2024. The video was published on May 28, 2024.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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Travis Hoium has positions in First Solar and SunPower. The Motley Fool has positions in and recommends Tesla. The Motley Fool recommends First Solar. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

Rivian Automotive Stock Quote
Rivian Automotive
NASDAQ: RIVN
$14.48
(-0.82%)-$0.12
Tesla Stock Quote
Tesla
NASDAQ: TSLA
$398.71
(+2.40%)+$9.34
First Solar Stock Quote
First Solar
NASDAQ: FSLR
$218.00
(-0.63%)-$1.38
Lucid Group Stock Quote
Lucid Group
NASDAQ: LCID
$6.19
(-0.96%)-$0.06

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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History Says Tariffs Won't Save EV Stocks | The Motley Fool