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Electric vehicle stocks fall sharply as Tesla halo dims
- The electric vehicle sector is having a rough day even if Tesla is
running a victory lap over its inclusion to the S&P 500 Index all at
once on December 21.
- Nikola (NKLA-14.5%) is facing some strain following the GM news
yesterday and the expiration of the IPO lockup period on up to 166M
shares, while Nio (NIO-5.1%) has gone completely in reverse after a
decent
premarket gain.
- Other notable decliners amid some valuation questions include
GreenPower Motor (GP-10.8%), Kandi Technologies (KNDI-7.7%), Fisker (FSR
-6.6%), QuantumScape (QS-19.4%), XPeng (XPEV-4.5%), Blink Charging (BLNK
-8.6%), Nio (NIO-5.1%), Hyliion Holdings (HYLN-56.8%), Lordstown Motor (
RIDE-3.9%) and Li Auto (LI -0.5%).
|Today, 10:51 AM|31 Comments
Electric vehicle stocks fall sharply as Tesla halo dims
- The electric vehicle sector is having a rough day even if Tesla is
running a victory lap over its inclusion to the S&P 500 Index all at
once on December 21.
- Nikola (NKLA-14.5%) is facing some strain following the GM news
yesterday and the expiration of the IPO lockup period on up to 166M
shares, while Nio (NIO-5.1%) has gone completely in reverse after a
decent
premarket gain.
- Other notable decliners amid some valuation questions include
GreenPower Motor (GP-10.8%), Kandi Technologies (KNDI-7.7%), Fisker (FSR
-6.6%), QuantumScape (QS-19.4%), XPeng (XPEV-4.5%), Blink Charging (BLNK
-8.6%), Nio (NIO-5.1%), Hyliion Holdings (HYLN-56.8%), Lordstown Motor (
RIDE-3.9%) and Li Auto (LI -0.5%).
|Today, 10:51 AM|31 Comments
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