KNDI - Electric vehicle stocks fall sharply as Tesla halo dims

The electric vehicle sector is having a rough day even if Tesla is running a victory lap over its inclusion to the S&P 500 Index all at once on December 21. Nikola ([[NKLA]] -14.5%) is facing some strain following the GM news yesterday and the expiration of the IPO lockup period on up to 166M shares, while Nio ([[NIO]] -5.1%) has gone completely in reverse after a decent premarket gain. Other notable decliners amid some valuation questions include GreenPower Motor ([[GP]] -10.8%), Kandi Technologies ([[KNDI]] -7.7%), QuantumScape ([[QS]] -19.4%), XPeng ([[XPEV]] -4.5%), Blink Charging ([[BLNK]] -8.6%), Nio ([[NIO]] -5.1%), Hyliion Holdings ([[HYLN]] -56.8%), Lordstown Motor ([[RIDE]] -3.9%) and Li Auto ([[LI]] -0.5%).

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Electric vehicle stocks fall sharply as Tesla halo dims