Tesla and Other EV Stocks Are Getting Crushed. Here’s Why.

Shares of auto makers, those who make traditional and electric vehicles, are getting hammered in Wednesday trading. A few things are to blame, including the government, Federal Reserve, stock charts, and companies themselves.

Auto investors aren’t happy.

Tesla

(ticker: TSLA) stock is down 4.1% in recent trading. Shares of EV producers

Rivian Automotive

(RIVN),

Fisker

(FSR), and

Lucid Group

(LCID) are off 5.4%, 4.7, and 4.6%, respectively.