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GM and Ford Are Leaving Electric Vehicle Stocks in the Dust

TheMotleyFool

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GM and Ford Are Leaving Electric Vehicle Stocks in the Dust

If you had to guess at the start of the year which electric vehicle stocks would produce the best returns by the beginning of June, you would have likely been wrong. It's been a bloodbath for the most part.

Shares of industry leader Tesla are down around 15% year to date, and they're down more than 30% from their recent high. Upstarts like Workhorse, Lordstown Motors, and Canoo have suffered even steeper declines. Investors are no longer giving the benefit of the doubt to pre-revenue electric vehicle companies.