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
€193.72
4.100%
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 €.
