Why These 15 Electric Vehicle Stocks Are Plunging in 2025

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4. Lotus Technology Inc (NASDAQ:LOT)

Number of Hedge Fund Holders In Q4 2024: 11

Lotus Technology Inc (NASDAQ:LOT) sells battery electric lifestyle vehicles globally under the Lotus brand.

The stock is down significantly so far in 2025 as it disclosed increasing liabilities, including significant put option liabilities and convertible. This was compounded by high operating expenses and limited cash reserves relative to its debt obligations.

Moreover, it reported disappointing financial results for Q4 2024. The company posted a net loss of $667 million for the first nine months of 2024, a negative profit margin of 88.89%.

The consensus price target of $7 implies 329.45% upside.

LOT stock is down 54.71% year-to-date.

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