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Short-Circuited: EV Stocks Plummet

Published 05/05/2021, 01:17 AM
Updated 07/09/2023, 06:31 AM
BLDP
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TSLA
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PLUG
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FSRN
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LAZR
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NRDE
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NKLA
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CHPT
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The Tesla (NASDAQ:TSLA) wanna-bes, and the peripheral companies (like fuel cells and electric car charging stations) are in their death throes. Take a look at Tuesday's charts.

Plug Power

PLUG chart.

PLUG Chart

Ballard Power Systems

BLDP chart.

BLDP Chart

ChargePoint Holdings

CHPT chart.

CHPT Chart

Fisker

FSR chart.

FSR Chart

Luminar Technologies

LAZR chart.

LAZR Chart

Nikola Corp

NKLA chart.

NKLA Chart

Lordstown Motors

RIDE chart.

RIDE Chart

Latest comments

So your perspective is it's Tesla and no one else in the EV space? It's way too early to call that game.  I remember when everyone assumed that IBM would own the PC space and that Apple would never be a serious player.  IBM sold their business to Lenovo, who continues to be a leader, with several other strong contenders, including Apple. Most people prefer to have choices.  Old-tech auto brands are not going to go away quietly, and there are also other new players that are looking at market segments that Tesla is ignoring. I'm currently following several potentials, none of which you have charted.
Tesla will follow eventually
yes in 100 years or so.
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