Massive Bankruptcy News Crushes EV Stocks

Investors have lost patience with EV companies. Electric vehicle (EV) stocks cratered this week after Fisker filed for bankruptcy. The troubled automaker never got off the ground after a promising vehicle was plagued by poor software. While a failure doesn't say much about the other operators in the industry, it doesn't bode well for the market's willingness to fund EV losses long-term. According to data provided by S&P Global Market Intelligence, EV makers Faraday Future Intelligent Electric (FFIE -2.58%) ...