Utilities Sector & Industry Performance
Carvana CEO Ernie Garcia III recently announced that the company’s electric vehicle (EV) sales are on the rise. Despite buyers seeking better deals, Carvana reported earnings that surpassed expectations with a 16% increase in vehicle sales. According to Garcia, there is a growing demand for electric cars, which is contributing to the company’s success. This news was shared during Garcia’s appearance on “Bloomberg Markets: The Close.”