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https://www.barrons.com/articles/tesla-stock-mp-wolfspeed-ev-raw-materials-b34e6af2

Tesla’s Plans to Save Money Are Trouble for These Stocks

By
Al Root
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Tesla had bad news for producers of EV raw materials as it offered investors a look at its plans in a widely anticipated three-and-a-half hour presentation on Wednesday evening.

Shares of the rare-earth producer MP Materials (ticker: MP) were down 11.2% in premarket trading Thursday, while stocks of companies that make semiconductors using silicon carbide took a hit as well. Futures on the S&P 500 future were down 0.5%. Dow Jones Industrial Average futures gained 0.3%.

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