Out of Juice

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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.