This article https://www.nytimes.com/2021/05/12/business/lordstown-stock-price.html?smid=url-share
focuses on Lordstown Motors, but it describes the fragility of investor sentiment towards investing in EV companies. Personally, I think Aptera is approaching the market in a much for appropriate and conservative way, even though their vehicle is not conservative at all.
The SPAC-tactular collapse of prices of EV-tech stocks has now begun a more appropriate path. SPAC's were a boom/bust hype train. Now that the carnage is over, look for deals on EV tech stocks that might actually have staying power. I like NIO and ARVL.