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Out of Juice

This is a syndicated repost courtesy of Slope of Hope. To view original, click here. Reposted with permission.

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.

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

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