The next Tesla is proving hard to find
CNN
Finding the next Tesla among electric vehicle stocks is proving to be difficult.
A number of upstart electric vehicle makers' stock prices soared in recent years, as investors looked for the next company to shake up the car market. But all have struggled recently -- as has Tesla (TSLA) itself.
Lucid, which started trading on the Nasdaq in July after a SPAC deal, had its share of good news: Its first car, the Lucid Air, won MotorTrend Car of the Year honors and was certified as having a range of 520 miles on a single charge, the longest of any EV. But company has also disclosed it faces subpoenas from the Securities and Exchange Commission about some of its claims and the SPAC deal, and shares are down from a November 16 peak.
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