Many saw this coming 2 years ago, during the mania bubble.
Competition.
1000 P/E ratios.
EV stocks were the new .com stocks in 2021.
2 year remind:
- Lordstown. 60 cents. Total loss.
- Lucid. $7. 75% losses for typical bagholder.
- Nikola. $1.50. Total loss.
- Nio. $10. Down 80% from peak.
- Rivian. $13. Total loss.
- Mullen. 10 cents. Total loss.
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