Why Nikola, Rivian, and Lucid Stocks Dropped Today
If you've been investing in the stock market long enough, you may recall this clever quote from former General Electric chairman Jack Welch:
When you're No. 4 or 5 in a market, when No. 1 sneezes, you get pneumonia. When you're No. 1, you control your destiny. The No. 4s keep merging; they have difficult times.
The point being that if the No. 1 in an industry is experiencing difficulties, anyone other than No. 1 should probably buckle up -- because things are about to get really rough.
Source Fool.com
