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Tuesday, May 24, 2022

The Carnage Among EVs Today -- May 24, 2022

The carnage is seen in the one-year chart, but, wow, it's amazing to look at the six-month charts of these EV car companies: RIVN, TSLA, GM, F, RIDE, NKLA, FS. These numbers were at the close:

  • F: down over 3% today; trading around $12.50.
  • GM: down 2% today; trading just above $35;
  • TSLA: down 7% today; trading at $628 today; five months ago: $1,200
  • RIVN: down 5%; closed below $27
  • RIDE: down almost 13%; drops well below $2 / share -- a share is now less than a bottle of "two-buck Chuck" out in California
  • NKLA: down 6% trading below $6 / share.
  • FSR: down 13%; trading below $10 / share.

Fisker, link here

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