FUV - Tesla Faraday and Arrival headline big losses across electric vehicle stocks

The electric vehicle sector saw big declines on Tuesday amid a battering of tech stocks and high-growth names in general with supply chain worries in China and valuation resets back on the front burner with investors. The down day was headlined by Tesla (NASDAQ:TSLA -10.6%) sliding to a new eight-week low following some roadblocks for the company in India and with at least a few investors questioning if there could be a negative impact on the company from Elon Musk owning Twitter. Faraday Future Intelligent Electric Inc. (FFIE -21.9%) crumbled to a new post-SPAC low and EV upstarts like Cenntro (CENN -14.6%), Arrival (ARVL -8.5%), Arcimoto (FUV -13.4%), Rivian Automotive (RIVN -8.3%), Lucid Group (LCID -8.3%), Workhorse Group (WKHS -8.3%), Electric Last Mile Solutions (ELMS -5.5%), Lion Electric Company (LEV -6.9%), TuSimple Holdings (NASDAQ:TSP -6.6%), Ree Automotive (NASDAQ:REE -7.3%), and Hyliion Holdings (NYSE:HYLN -7.6%) all saw bruising sell-offs. Part of

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Tesla, Faraday and Arrival headline big losses across electric vehicle stocks