Shares of Rivian Automotive and different electrical car start-ups tumbled throughout intraday buying and selling Monday to 52-week or document lows as many traders search safer investments amid a broader market sell-off.

Rivian, Lordstown Motors, Faraday Future, NIO, Canoo, Nikola Corp. and Electrical Final Mile Options all dropped by not less than 10% and as much as 18%. Shares of the entire early- or pre-revenue firms hit document or 52-week lows Monday morning. Shares of Fisker Inc., one other common EV start-up, have been down by about 14% buying and selling close to its 52-week low.

“On this brutal market unload, the Avenue has tossed many of those EV startups into the promote camp as the dearth of profitability, chip scarcity points, and host of manufacturing points have forged a darkish shadow over the sector,” Wedbush Securities analyst Dan Ives advised CNBC in an e mail. “On this danger off market, EV startups discover themselves on the unsuitable aspect of this market storm with now execution is vital to construct again credibility on the Avenue one brick at a time.”

Losses for the EV start-ups are far larger than the general market. The Dow Jones Industrial Common misplaced about 1,000 factors, or 2.9%, falling for a seventh straight day on Monday. The S&P 500 dipped 3.6%. The Nasdaq Composite declined 4.5%, falling deeper into correction territory.

Shares of extra established automakers resembling Tesla, Normal Motors and Ford Motor have been down by between roughly 7% and 9% throughout noon buying and selling Monday.

Shares of Rivian, which is among the many most watched EV start-up, dropped under $60 a share Monday for the primary time for the reason that firm’s blockbuster IPO in November. The inventory is down greater than 40% for the reason that firm went public.

The market sell-off comes as traders await company earnings outcomes and a key coverage determination from the Federal Reserve to tighten financial coverage.

Here is a take a look at a number of EV start-ups in addition to Tesla and legacy automakers GM and Ford , each of which have introduced vital investments in electrical automobiles.