RIDE - TuSimple Nikola and Blink Charging lead down day for electric vehicle stocks

Some of the investor rush over expectations of a Green Tidal Wave is fading as investors bid down a large number of electric vehicle stocks. There are some analysts warning on a potential slowdown of production plans due to the global chip shortage and a short report on QuantumScape ([[QS]] -13.0%) is drawing notice. Traders are also pointing to increased focus on valuation vs. near-term revenue potential for some of the EV high-fliers. Decliners includes Canoo ([[GOEV]] -8.7%), Nikola ([[NKLA]] -7.4%), Workhorse Group ([[WKHS]] -7.9%), Arrival ([[ARVL]] -7.2%), Fisker ([[FSR]] -4.1%), Li Auto ([[LI]] -7.0%), Blink Charging ([[BLNK]] -8.7%), Lordstown Motors ([[RIDE]] -6.9%), Ayro ([[AYRO]] -5.4%), Kandi Technologies ([[KNDI]] -5.0%), Romeo Power ([[RMO]] -5.6%), Hyliion Holdings ([[HYLN]] -5.2%), Greenpower Motor Company ([[GP]] -5.7%) and XPeng XPEV. Self-driving truck startup TuSimple (TSP) is now down 5.35% to $37.81 after an initial jump to $41.50 on its first day of trading.

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TuSimple, Nikola and Blink Charging lead down day for electric vehicle stocks