RMO - Electric vehicle stocks cool as legislation hopes warm

The electric vehicle sector is facing some shocks as investors have also pulled back from riskier stocks across the market.Over the last four weeks, the sell-off has hit names like Workhorse Group (WKHS) -62%, XPeng (XPEV) -41%, Nikola (NKLA) -39%, Electrameccanica (SOLO) -38%, Nio (NIO) -34%, Canoo (GOEV) -32%, Kandi Technologies (KNDI) -30%, Tesla (TSLA) -30% and Hyliion Holdings (HYLN) -21%.Total market cap loss in the EV space since the top stands at an astonishing $730B, according to FT. Battery and cell companies are also in reverse, with Plug Power (PLUG), QuantumScape (QS), Romeo Power (RMO), CBAK Energy Technology (CBAT) and Ballard Power Systems (BLDP) all down more than 50% from their 52-week high.Valuation is an obvious concern in the sector, but there is also the question on if there is too much competition on the horizon? General Motors (GM) and Ford (F) have impressed investors this year with their

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Electric vehicle stocks cool as legislation hopes warm