CHPT - Electric vehicle stocks follow Tesla lower after fatal Model S crash

Electric vehicle stocks are in reverse again as some of the frothy 2021 gains continue to be clipped. Notable decliners across the EV space include Arcimoto ([[FUV]] -12.1%), Lordstown Motors ([[RIDE]] -9.0%), QuantumScape ([[QS]] -10.2%), Workhorse Group ([[WKHS]] -10.2%), Blink Charging ([[BLNK]] -7.6%), Nikola ([[NKLA]] -6.6%), Fisker ([[FSR]] -6.0%), GreenPower Motor Company ([[GP]] -4.3%), Arrival ([[ARVL]] -2.9%), Niu Technologies ([[NIU]] -3.8%), XPeng ([[XPEV]] -3.2%), Churchill Capital Corp IV ([[CCIV]] -4.0%), Romeo Power ([[RMO]] -7.5%), Hyliion Holdings ([[HYLN]] -3.7%) and ChargePoint Holdings ([[CHPT]] -4.7%). As for the EV mother ship, Tesla ([[TSLA]] -4.9%) is not avoiding the selling pressure today following the death of two people in Texas in a Model S crash, which reportedly was driverless. Tesla has traded as low as $691 during the session. Analysts think the incident could have investors thinking more cautiously on assumptions about the timetable for autonomous vehicle adoption. On that note, TuSimple ([[TSP]]

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Electric vehicle stocks follow Tesla lower after fatal Model S crash