In this episode, Scott Becker covers sharp declines in Tesla, Rivian, and Lucid, as well as a major drop in Hims & Hers.
Chapter 1: What are the current trends in electric vehicle makers?
Chapter 2: How have Tesla, Rivian, and Lucid performed recently?
This is Scott Becker with the Becker Private Equity and Business Podcast. These are three stories that we're following today. Let's call this the electric vehicle makers, the ED distributors, and more. So here's what we're watching today. First, electronic vehicle makers, Tesla, Rivian, and Lucid all dropped Friday, with Lucid actually dropping nearly 8%.
Chapter 3: What is the status of Hims and Hers in the market?
Chapter 4: What economic indicators are we watching for the Fed Reserve?
ED leader, hims and hers, which is a take on the EV tone, dropped almost 26%. So again, the EV makers, Tesla, Rivian, Lucid, down. ED leader, hims and hers, down even more. Second, there's hope that the Fed Reserve's preferred inflation metric is expected to cool to its slowest pace since June. We're still waiting on those results.
If so, that will be ultimately good news for the market as people are quite concerned about inflation, and that might temper some of those concerns. We'll see how that goes. Finally, a couple stocks that we watched just got crushed on Friday. And again, to go through these very quickly, these are two more stocks that got crushed. Car Gurus, which constantly shows up on my phone, dropped 17%.
And Shake Shack, which I'm not using the app, I'm not eating the shakes, I'm not eating the burgers, fell 12%. Those are a few of the stocks that just got crushed on Friday. Another one that took it on the chin, which is a stock I love to hate, that's RH, Restoration Hardware, that fell 7%, and it's down about 14% year-to-date.
Thank you so much for listening to the Becker Private Equity and Business Podcast. If there's ever a stock you want us to follow on here, please feel free to text Scott Becker, 773-766-5322. If you're the first person to text us, we'll go ahead and send you a $100 Amazon gift certificate if you send us with a suggestion. Thank you so much for listening.