Why Rivian, Fisker, and Lucid Stocks Dropped Today
Shares of pretty much every electric vehicle (EV) company competing with (NASDAQ: TSLA) for sales dropped this morning. As of 11:05 a.m. ET, Rivian (NASDAQ: RIVN) shares are shedding 2.6%, Fisker (NYSE: FSR) is off 3%, and Lucid Group (NASDAQ: LCID) is a 4% loser.
And it's mostly because of what Tesla did on Friday.
For years, investors (and car shoppers) have anticipated Tesla's introduction of a true electric car for the mass market. Called the "Model Q" and more often the "Model 2," this is supposed to be a $25,000 subcompact car that will be revealed perhaps in 2024 and go on sale in 2025.
Source Fool.com
Tesla Inc Stock
Our community is currently high on Tesla Inc with 75 Buy predictions and 28 Sell predictions.
With a target price of 246 € there is a positive potential of 26.99% for Tesla Inc compared to the current price of 193.72 €.