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Sell-off alert: Electric vehicle stock is down 50% YTD

The electric vehicle (EV) sector, represented by key players such as Tesla (NASDAQ: TSLA), Rivian (NASDAQ: RIVN), and Nio (NYSE: NIO), has witnessed a significant decline in stock values this year. This downturn reflects a broader trend of slowing EV demand, which can be attributed to a variety of factors that impact consumer interest and market dynamics.Among them, Rivian has been particularly hard hit. Its stock has experienced a year-to-date loss of 51%, with a stark revenue report revealing a gross marg ...