RMO - Electric vehicle stocks sell off to put investors to the test

The selling pressure in the electric vehicle sector continues with most name extending on yesterday's decline. Notable decliners include Electrameccanica Vehicles ([[SOLO]] -13.2%), Ayro ([[AYRO]] -13.5%), GreenPower Motor ([[GP]] -11.7%), Lordstown Motors ([[RIDE]] -11.3%), Workhorse ([[WKHS]] -9.5%), Fisker ([[FSR]] -10.2%), XPeng ([[XPEV]] -10.8%), Churchill Capital IV ([[CCIV]] -11.6%), Nikola ([[NKLA]] -8.2%), Li Auto ([[LI]] -8.4%), Canoo ([[GOEV]] -8.7%), XL Fleet ([[XL]] -15.0%), Romeo Power ([[RMO]] -12.7%), Hyliion Holdings ([[HYLN]] -12.4%) and QuantumScape ([[QS]] -11.0%).Tesla (TSLA) is off 7.22% and more than 15% lower for the week.What spark is needed to turn sentiment back around? Morgan Stanley thinks potential federal legislation this year could materially accelerate EV infrastructure investment and reset the investing paradigm. MS' take: "Coordination between state governments and utilities in their jurisdictions will be key in enabling the physical build out of the EV infrastructure needed to support mass EV penetration. The pace of this progress could materially accelerate with

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Electric vehicle stocks sell off to put investors to the test