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Benzinga
Benzinga
Business
Melanie Schaffer

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

General Motors Company (NYSE:GM) and Tesla, Inc (NASDAQ:TSLA) have struggled recently, with General Motors plummeting about 33% from its Jan. 5 all-time high of $67.21 and Tesla falling about 32% 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.

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