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This is the electric vehicle bubble. And this is the crash.

Summary:
On January 21, we decided to assemble a live Google Sheet including all of the electric vehicle -- and related technology -- stocks that had come to market over the past year.Upon completion of the document, it was clear the entire thing was bonkers. Companies with no revenues, and no working products, were sporting multi-billion dollar valuations. While old-school automakers with viable electric vehicles like Ford and General Motors were struggling to command a valuation at a single digit multiple of earnings.Well, don’t say we didn’t warn you. Crack: At pixel, the entire EV space is collapsing. Tesla is down 11 per cent, Chinese competitor Nio 13 per cent, and so on, and so on. Just click on the sheet, its a vast wash of red. Total market cap loss since the top

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On January 21, we decided to assemble a

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FT Alphaville is a free daily news and commentary service giving finance professionals the information they need, when they need it. In a world where market professionals are inundated with information there is a pressing need to edit and filter, and hopefully sow a few ideas along the way. That’s where the FT Alphaville team comes in.

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