Why Is Zapp Electric Vehicles (ZAPP) Stock Down 25% Today?

Core Viewpoint - Zapp Electric Vehicles (NASDAQ:ZAPP) experienced a significant stock rally followed by a decline, attributed to market dynamics rather than company-specific news [1][2][3]. Stock Performance - ZAPP stock closed up 94.3% on Tuesday, with over 44 million shares traded, significantly higher than the average daily trading volume of approximately 7.1 million shares [1][3]. - As of Wednesday morning, ZAPP stock has decreased by 24.7%, with around 664,000 shares traded, which is still below the company's average trading volume [3]. - Year-to-date, ZAPP shares have increased by 220.5%, but they are down 61.3% over the past 12 months [4].