Why Shares of These Electric-Vehicle Start-Ups Got Crushed in March

Why Shares of These Electric-Vehicle Start-Ups Got Crushed in March

Many electric-vehicle (EV) stocks had a rough ride in March. While some, including category leader Tesla (NASDAQ: TSLA), were able to rally as March came to a close, other less-prominent names continued to lag into April. Decarbonization Plus Acquisition (NASDAQ: DCRB), a special-purpose acquisition company (SPAC) that is in the process of merging with electric-truck start-up Hyzon Motors, fell 10.9% in March.