Why Rivian, Polestar, and Lucid Stocks All Dropped Today
Electric car stocks took a tumble in noon (ET) trading Thursday, with Lucid Group (NASDAQ: LCID) falling 3.8%, Rivian Automotive (NASDAQ: RIVN) sliding 4.6%, and Polestar (NASDAQ: PSNY) doing worst of all -- down 7.4%, and trading at penny stock levels -- just $0.87 a share.
Another EV company entirely, though -- (NASDAQ: TSLA) -- may be the reason for EV investor dismay.
Every year, Tesla publishes an annual "impact report" describing its environmental, social, and governance, or ESG goals. Today's controversy concerns the first letter in the acronym -- the E. For the past couple of years, Tesla's 150-plus-page ESG report has stated that Tesla intends to produce 20 million electric cars by 2030.
Source Fool.com
Tesla Inc Stock
€166.26
-2.110%
Currently there is a rather positive sentiment for Tesla Inc with 57 Buy predictions and 26 Sell predictions.
As a result the target price of 249 € shows a positive potential of 49.77% compared to the current price of 166.26 € for Tesla Inc.
