It was only weeks ago that Tesla peaked at over $900, making Elon the richest man on the planet. Well, that’s in the rearview mirror now. The stock has crumbled nearly 40% and is still insanely overvalued.
The “almost as good as Tesla” copycats are getting hammered as well. Here is Chinese electric car maker NIO which has been undergoing a similar diminishment.
And, naturally, all the silly electric-related stuff like BLDP, PLUG, and BLNK have been getting vaporized as well.