Online used car retailer Cazoo is suffering one of the worst post-pandemic hangovers of all the automotive tech stocks after its share place plummeted 85% since listing in August last year.
The company is not alone in falling out of favour among those that listed in the controversial SPAC method in a superheated 2021, but unlike other badly hit automotive stocks such as Nikola, Rivian and Lucid, Cazoo does actually generate decent revenue, if not profits yet.
