Why ChargePoint, Lucid, and Fisker Stocks All Fell in January
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 (NYSE: CHPT), Lucid Group (NASDAQ: LCID), and Fisker (NYSE: FSR) offered company-specific news that showed ongoing weakness. According to data from S&P Global Market Intelligence, they fell 18.8%, 20.2%, and 54.1%, respectively.
Source Fool.com
Tesla Inc Stock
€160.90
0.210%
Currently there is a rather positive sentiment for Tesla Inc with 55 Buy predictions and 25 Sell predictions.
As a result the target price of 250 € shows a very positive potential of 55.38% compared to the current price of 160.9 € for Tesla Inc.
