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Why Tesla, Fisker, and QuantumScape Are Dropping Today
FSRFisker (FSR) The Motley Fool·2024-02-21 05:57

Electric vehicle stocks are having a rough start to the week as the market drops and investors worry that high-cost purchases are slowing down. Home Depot's earnings release this morning showed a 4% drop in same-store sales in the U.S., driven by fewer high-priced purchases. While EV stocks and home improvement companies don't often have a lot in common, if we're seeing consumers pull back on home spending, they will likely also pull back on vehicle spending.Shares of Tesla (TSLA -3.10%) dropped as much as ...