AwesomeAvani Updated   
In this daily chart, I made a composite index of electric vehicle stocks using
an approximate formula weighed by stock prices but not market cap.

( ( $NIO + $LCID + $RIDE + $NKLA +$WKHS) x 50 ) + $TSLA

This serves as an approximate normalization adjustment of the varying
stock prices in the collection of stocks.

I did this to later check to see if there is any effect of new legislation
impacting federal tax credits for electric vehicle adoption as a catalyst
for price action.

So far YTD, the composite at large has fallen 18.5% varying from
TSLA is down 6% and LCID as an example of others is down 36%

The composite will be a quick and easy way to see if the composite
and so the market cap of the underlying stocks inflects its downtrend
responsive to the federal legislation catalyst.
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Market News Musk dumps $6B in shares - selling pressure going to go parabolic supporting downtrending !

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