Why EV Stocks Tesla, Rivian, and Lucid All Fell Today
Electric vehicle (EV) stocks fell today after Tesla (NASDAQ: TSLA) and Rivian (NASDAQ: RIVN) both reported disappointing first-quarter delivery numbers.
It was the latest sign that demand for EVs continues to fade and that the sector's stocks look broadly overvalued. Tesla is seen as a bellwether in the EV market as well, and other EV stocks tend to respond to Tesla-specific news.
Tesla and Rivian closed down around 5%; Lucid (NASDAQ: LCID) dropped 3.5%.
Source Fool.com
Tesla Inc Stock
€231.05
5.210%
Currently there is a rather positive sentiment for Tesla Inc with 71 Buy predictions and 27 Sell predictions.
As a result the target price of 248 € shows a slightly positive potential of 7.34% compared to the current price of 231.05 € for Tesla Inc.
