Impact of Tesla's record earnings on Lucid and Rivian


Source: instaforex.eu instaforex.eu

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The old saying: "the US stock market rises more than it falls, but falls faster than it rises," couldn't be truer. In just over three years, everyone has witnessed three major sell-offs, and it was all within a few weeks. This is the sell-off in the US-China trade war at the end of 2018, the sell-off caused by the COVID-19 pandemic in March 2020, and now the current sell-off. Despite reporting record profits after the market closed on Wednesday, shares of Tesla and other electric car companies such as Lucid Group and Rivian Automotive fell in value on Thursday and...