Why Lucid Group, Fisker, and Canoo Stocks All Dropped Today

Wednesday is looking like a losing day for investors in electric vehicle stocks, as shares of everyone from luxury EV-makers Lucid Group (NASDAQ: LCID) and Fisker (NYSE: FSR) to boxy EV van- and SUV-maker Canoo (NASDAQ: GOEV) see their share prices drop in afternoon trading. As of 2 p.m. ET, Lucid stock is off 3.5% and Fisker is down twice that -- 7% -- while Canoo suffers a 5% loss.

And you can probably blame for all of this.

More precisely, you can blame British investment banker Barclays for downgrading Tesla stock today, and spooking investors in the process.

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Source Fool.com