Ola Electric’s Slide

Ola Electric now finds itself in an unusual position, having to claw back from a position of weakness after a poor display in Q3

Ola Electric has had a rough few months, going from a post-IPO high to crashing below its listing price and with more pain in store after a weak Q3 performance.

For most of its life — after becoming an OEM in 2020 — the company has played from a position of strength whether it is due to its high capital accumulation or heavy market share. The EV maker now finds itself in an unusual…