Looking at 4 EV Stocks and Their Charts: Here’s My Take
The largely electric vehicles manufacturers, led by Tesla at -6.2%, which is the only one already at a point where it can mass produce and profitably sell vehicles globally and at scale, and who have all perhaps traded at unrealistic valuations… took a literal pasting. Rivian Automotive , whose quiet period following a traditional IPO came to a very loud ending this morning, finished last week -6.7%, while Lucid Group finished the week down 8.6%. Beyond Tesla, Rivian, and Lucid, Nikola , Fisker , Lordstown Motors , and Canoo all took beatings of between 9.7% and 16.6% last week.
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