Why Rivian, Tesla, and Lucid Stocks Crashed?
@MyrnaNorth:
June wasn't a good month for electric vehicle (EV) stocks. It didn't matter whether it was widely followed start-ups like Rivian Automotive$Rivian Automotive, Inc.(RIVN)$ (RIVN-0.15%) and Lucid Group$Lucid Group Inc(LCID)$ (LCID-0.93%)or the sector leader Tesla$Tesla Motors(TSLA)$ (TSLA1.24%). Rivian shares dropped 18%, Lucid 15%, and Tesla was down 11.2%, according to data provided byS&P Global Market Intelligence.That's a bad month that only added to an extended slide for these names. In fact, Rivian has dropped a whopping 86% from its peak reached last November, while Lucid and Tesla are off 71% and 46%, respectively, from their highs last