Why ChargePoint, Lucid, and Fisker Stocks All Fell in January
CHPTChargePoint(CHPT) The Motley Fool·2024-02-02 07:35

Electric vehicle (EV) stocks were falling broadly in January as a number of different news items weighed on the sector. Those included fears that interest rates wouldn't fall as fast as investors were expecting this year, a weak report from Tesla as well as price cuts from the EV leader, and continuing evidence of slowing demand growth for EVs. Additionally, stocks like ChargePoint (CHPT 7.89%), Lucid Group (LCID 1.18%), and Fisker (FSR -3.98%) offered company-specific news that showed ongoing weakness. Acc ...