Stocks

Tesla, Fisker, Lucid, Other EV Stocks Stall in Brutal Market Sell-Off



Electric vehicle stocks tumbled Monday in a brutal sell-off as wary investors backed away from risk assets.

The broader market extended its longest weekly losing streak in a decade.

Brian Price, head of investment management, Commonwealth Financial Network, said “the path of least resistance remains lower for global equity markets to start the week.”

“The overwhelming focus continues to be on inflation, rising interest rates, and the war in Ukraine,” Price said. “The combining factors of tight supply chains resulting from China’s zero Covid policy, and rising oil and food prices due to the war in Ukraine, are causing inflationary fears that are triggering a move out of risk assets.”





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