Chart Wars: Between Tesla And General Motors, Which EV Stock Can Reverse First?

Chart Wars: Between Tesla And General Motors, Which EV Stock Can Reverse First?
GMC Hummer EVs are seen as the U.S. president tours the General Motors Factory ZERO electric vehicle assembly plant in Detroit, Mich., on Nov. 17, 2021. Mandel Ngan/AFP via Getty Images
Benzinga
Updated:

General Motors Company and Tesla, Inc have struggled recently, with General Motors plummeting about 33 percent from its Jan. 5 all-time high of $67.21 and Tesla falling about 32 percent from its Nov. 4 all-time high of $1,243.49.

Both stocks have been negatively affected by the bearish indecision within the general markets that began in early January, when the reality that the Federal Reserve would raise interest rates in an attempt to combat rising inflation hit home and an increased likelihood of a war in Europe caused investors to feel increasingly hesitant.