Electric vehicle stocks are down in a big way this week, with the shares of Tesla, Ford, General Motors, and Nissan all falling this week.
That’s because these companies are all investing in electric vehicles.
So, there are a lot of potential winners here.
But there are also potential losers.
Tesla stock, for instance, has lost almost 30% of its value since mid-May, when it went from a high of $16 to a low of $7.50, according to data from FactSet.
Ford shares, meanwhile, have lost about 60% of their value since the start of the year, according the same data.
The electric vehicle market, which has been in the midst of a bull market in recent years, is still quite volatile.
Tesla is currently up about 26% over the past year, Ford is up about 28%, and General Motors is up 22%.
There are still plenty of potential losers in the electric vehicle space, though.
Tesla has had a bad year for the company, but this week it has been the only stock to do worse than last.
In May, Tesla had a market cap of $3.8 billion, while it was down more than $1 billion in May of this year.
Ford has been doing better for the past couple of years, but it’s still down about 10% from where it was in 2017.
The market cap is down almost $1.3 billion.
It’s a big drop, and it’s a steep drop.
Nissan’s market cap has fallen about 15% in the past two years.
The company is down about 19% in 2017, but has grown to become one of the top four electric car makers.
Nissan has also had a rough year.
Nissan had a stock price of $35.55 in June 2017, down from $38.25 in May, and had lost $3 billion in the last 12 months.
It is down more now than it was before the Great Recession hit, and has a market value of just $1,100, according FactSet data.
So far this year, Nissan has lost about $8 billion.
That would mean a loss of $11.10 per share for Nissan.
The stock is down 23.8% since the beginning of 2018, but is up 26.3% this year to $36.40 per share.
In other words, it is up 14.5% since its May highs, but down 23% since it peaked in July.
Ford is down 20% since May, but up 14% since then.
The Ford stock has fallen 14.7% since June, but its stock price is up just 9.7%.
Ford’s market value is down nearly 60% since 2020.
Nissan is down 22% in May and has lost $13.8 million since then, while General Motors has fallen more than 30% since April of this decade.
Nissan shares are down 15% this month, and GM shares are up 17% over that period.
Ford and GM are both down around 50% over recent years.
It would be hard to argue that these companies have been the most profitable, though, because they’ve all been struggling with the recession.
Nissan, which lost nearly 40% of revenue in 2020, is now up just 6% over last year, while GM lost 15% of revenues last year.