Pick and Shovel EV Play (Hint, Not Tesla)
In light of Tesla’s recent workforce reduction as sales slump, it may seem like a risky play to invest in an EV pick and shovel play but we’re eyeing Infineon, with a market cap of around $43 billion as an opportunity.
It’s a company that is best known for SiC and GaN technologies that are designed to meet rising demand in the sector as a whole.
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