Over the past five days, numerous big names in automotive stocks have taken hits in share prices. Tesla is down 4.4% in pre-market and down 2.4% over the past five days, Ford is down 8.2%, GM is down 8.5%, Stelantis is down 3.6%, Volkswagen Group is down 8.7%, Toyota is down 4.2%, and even Porsche has dipped below their IPO price only days after release.
