Ola Electric shares hit all-time low after 72% slide from peak; Q4...

Ola Electric shares hit all-time low after 72% slide from peak; Q4 losses, weak outlook weigh on sentiment

Δημοσιευμένα

Ola Electric's shares have plummeted to a record low, falling 72% from their peak since its debut. The decline follows a disappointing Q4 earnings report, revealing increased net losses and decreased revenue. Despite improved gross margins and increased vehicle deliveries for the full year, weak technical indicators and mixed analyst recommendations contribute to the stock's sustained pressure.

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