Why Electric Vehicle Stocks Plunged This Week

There wasn't much optimism about the future of EVs today.After some positive trends in the EV market, particularly in China, stocks fell sharply this week after earnings were released. It's clear the profitability some investors had hoped for isn't coming soon.According to data provided by S&P Global Market Intelligence, shares of Li Auto (LI -0.26%) fell as much as 13.8% this week, Nikola (NKLA -4.07%) dropped 15.2%, Polestar Automotive (PSNY 2.25%) was down 15%, and Blink Charging (BLNK 2.27%) outperforme ...