During the technology stock sell-off of 2022, one of the hardest-hit sectors was electric vehicles (EVs). As of this writing, the Global X Autonomous and Electric Vehicles ETF (NASDAQ:DRIV) has declined by 28% year-over-year.
Helping lead that decline was EV heavyweight Tesla Inc (NASDAQ:TSLA). Tesla stock has underperformed the Global X Autonomous and Electric Vehicles ETF. TSLA stock is down by 65% year-over-year.
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