Why ChargePoint, Lucid, and Fisker Stocks All Fell in January
Electric vehicle (EV) stocks were falling broadly in January as a number of different news items weighed on the sector.
Those included fears that interest rates wouldn't fall as fast as investors were expecting this year, a weak report from Tesla as well as price cuts from the EV leader, and continuing evidence of slowing demand growth for EVs.
Additionally, stocks like ChargePoint (NYSE: CHPT), Lucid Group (NASDAQ: LCID), and Fisker (NYSE: FSR) offered company-specific news that showed ongoing weakness. According to data from S&P Global Market Intelligence, they fell 18.8%, 20.2%, and 54.1%, respectively.
Source Fool.com
Tesla Inc Stock
€202.35
-0.520%
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