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Electric Vehicle Sector Being Unplugged?

ByTim Knight
Published 03/29/2021, 01:29 PM
Updated 07/09/2023, 06:31 AM

Not long ago, all you needed to do as a company to guarantee success as a financial entity was to somehow associate yourself with electric cars. That’s over. Just take a look at the corrosive erosion taking place across the entire sector. My view is that this collapse has only just started, and I’m not even including the outright frauds.

Ballard Power Systems Inc (NASDAQ:BLDP):

Ballard Power Systems Chart.

Plug Power Inc (NASDAQ:PLUG):

Plug Power Chart.

Workhorse Group Inc (NASDAQ:WKHS):

Workhorse Group Chart.

Nio Inc (NYSE:NIO):

Nio Chart.

Fisker Inc (NYSE:FSR):

Fisker Chart.

Blink Charging Co (NASDAQ:BLNK):

Blink Charging Chart. 

Tesla Inc (NASDAQ:TSLA):

Tesla Chart.

Latest comments

Here is the IEA's renewables roadmap presentation from this week. H2 will be the base fuel for heavy industry and serve as backup power for renewables.
Tim, Have you been monitoring the global energy policy decisions in Europe, and APAC. Or are you just monitoring the USA government, where one party- the GOP - in bed with fossil fuel sector.
Spot on... Investors holding these bags much longer will end up in even bigger tears
hi Tim, are you shorting any of these? I know BLNK is heavily shorted. Is the bottom fair valuation?
https://www.argusmedia.com/en/news/2183327-china-nios-january-electric-vehicle-sales-rise
Is Tesla fever over? Tesla bulls don't think so
Those in the comment section not understanding that stocks can correct or crash solely on the basis of over valuation... sigh
Tim, pretty poor analysis with little backup, maybe new career?
Tesla fanboy alert
Tim, maybe a correction/pull back like all other stocks,including the financials. The frauds might be filtered out, but you look at Tesla, i believe they will climb back again. You have some strong lobying going on by various car manufactures/traders to discredit Tesla. You see the media like to jump onto stories like that now and ***it out of perportion.Remember they adapted the share price (1 to 4) where it went from ~$1600 to &400 (you got 4 shares) and still the price soared as some people could afford to buy the stock now. Besides, Tesla also saves a lot of money from the actual construction of the factory.
What a shortsight article. Worldwide EV adaption is just about to start lol.
they're use is being accelerated here in Abu Dhabi.. https://gulfbusiness.com/abu-dhabi-gets-uaes-first-ultra-fast-electric-vehicle-charging-stations/
How do you know if the stock price is not pricing growth even rosier than reality
EV Hype again. Careful guys.
Have to say these days anyone can open a graph and understand when the price of a share is ..... Is this guy getting payed to make such empty analyses?
i use you as a contrarian indicator
"...not even over..." Is it all you have to say as an analyst? What is the base of such a conclusion? I agree that the decline MAY continue for a FEW months until the shortage of semiconductors is fixed which is 1 reason of the correction. Reason 2 is too high profits in 2020 compared to other industries - rebalancing is going on when profits from tech is being moved to industries less favourite in 2020. There are my 5 cents as a volunteer analyst ;)
All these other than Tesla should be 5-10 range just like they were before the pandemic.
Nio & Xpeng also?
How much Tesla should be?
aaa...sorry, Xpeng wasn't on the list.
👍
exactly
But....but.... Cathy said....
Haha... When we look back after this mania there will be made many jokes about her gambling habits that eventually took down the queen
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