BLNK - EV stocks: Tesla in reverse startups face valuation crunch EVgo attracts bull rating

Tesla (TSLA -4.9%) fell again on Thursday to swap hands at its lowest level in almost nine weeks. While some analysts have called Elon Musk's Twitter acquisition an overhang on shares, the consensus view is that the TSLA manufacturing run rate out of Shanghai, Berlin and Austin is likely to be the bigger consideration this year. The electric vehicle sector in general is having a down day with Blink Charging (BLNK -8.8%), Sono Group (SEV -6.1%), Faraday Future Intelligent Electric (FFIE -8.9%), Hyzon Motors (HYZN -6.6%), Arrival (NASDAQ:ARVL -6.8%), Nikola (NASDAQ:NKLA -5.2%) and ChargePoint Holdings (NYSE:CHPT -5.1%) a few of the other names in reverse. Delays in EV production due to supply chain problems and higher interest rates have reset the discounted cash flow expectations on many of the startups in the sector and contributed to the building selling pressure. EVgo (NASDAQ:EVGO -4.3%) is another one of the EV stocks

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EV stocks: Tesla in reverse, startups face valuation crunch, EVgo attracts bull rating