EV bubble bursts: Tesla, Nio, Lucid, and Co. shares drop in 2024

Hardships from 2023 for the EV industry are carrying onto this year as well, with the leaders in the industry, such as Tesla (NASDAQ: TSLA), Nio (NYSE: NIO), and Lucid (NASDAQ: LCID), struggling to put out a strong stock performance.Examining the performance of EV stocks since the beginning of this year reveals worrying trends. Tesla TSLA shares have experienced a decrease of -24.28%, while Rivian (NASDAQ: RIVN) has seen a substantial decline of -28.95%. NIO shares have decreased by -29.63%, and Lucid and F ...