RMO - Tesla halo fades with electric vehicle stocks falling sharply
The selling pressure is ramping up in the automobile sector on concerns that investors may have bid up shares prices too fast in front of the huge electrification push. Notable decliners include Fisker ([[FSR]] -11.2%), Ayro ([[AYRO]] -12.6%), Workhorse Group ([[WKHS]] -9.1%), Lordstown Motors ([[RIDE]] -8.8%), Canoo ([[GOEV]] -9.1%), XPeng ([[XPEV]] -5.4%), Churchill Capital Corp IV ([[CCIV]] -8.5%), Kandi Technologies ([[KNDI]] -9.4%), Niu Technologies ([[NIU]] -7.9%), Nikola ([[NKLA]] -4.6%), Electrameccanica ([[SOLO]] -6.9%), XL Fleet ([[XL]] -8.7%), Hyliion Holdings ([[HYLN]] -8.5%), Romeo Power ([[RMO]] -9.4%), Quantumscape ([[QS]] -8.1%), Westport Fuel Systems ([[WPRT]] -10.0%), Superior Industries ([[SUP]] -8.3%) and GreenPower Motor ([[GP]] -6.5%). Tesla (TSLA) is down 4.15% on the day to trade at its low point for 2021. Read why Wedbush thinks the electric vehicle sell-off is a massive buying opportunity.
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Tesla halo fades with electric vehicle stocks falling sharply