TSLA
Tesla leads electric vehicle sector down as investors test drive value
stocks
- Tesla (NASDAQ:TSLA) ends the day down 8.6% on a day that other
electric vehicle stocks like GreenPower Motor Company (NASDAQ:GP)-10.5%,
Lordstown Motors (NASDAQ:RIDE)-8.2%, XPeng (NYSE:XPEV)-6.9%, Canoo
(NASDAQ:GOEV)-4.3% and Li Auto (NASDAQ:LI)-6.7% were also in reverse.
- The positive sentiment on the stock market in general swung away from
growth stocks to value stocks as the tech sector underperformed. The
Nasdaq
Composite recorded its worst day in four weeks, while the Nasdaq 100,
which
Tesla has the 4th biggest component weight, fell 2.6%. The Dow scratched
out a small gain.
- Massive EV disruption and huge valuations marks are expected to keep
testing investors.
|Today, 4:13 PM|105 Comments
Tesla leads electric vehicle sector down as investors test drive value
stocks
- Tesla (NASDAQ:TSLA) ends the day down 8.6% on a day that other
electric vehicle stocks like GreenPower Motor Company (NASDAQ:GP)-10.5%,
Lordstown Motors (NASDAQ:RIDE)-8.2%, XPeng (NYSE:XPEV)-6.9%, Canoo
(NASDAQ:GOEV)-4.3% and Li Auto (NASDAQ:LI)-6.7% were also in reverse.
- The positive sentiment on the stock market in general swung away from
growth stocks to value stocks as the tech sector underperformed. The
Nasdaq
Composite recorded its worst day in four weeks, while the Nasdaq 100,
which
Tesla has the 4th biggest component weight, fell 2.6%. The Dow scratched
out a small gain.
- Massive EV disruption and huge valuations marks are expected to keep
testing investors.
|Today, 4:13 PM|105 Comments
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