Whenever I hear people upset about $NIO and $TSLA getting beat down, I always remember things could be a lot worse in this sector, you could be holding $RIVN, which was at $178 at its high and now at $10, or $LCID, $PSNY, $FFIE and $XPEV.
The sector has not reversed yet but it started its astronomical rise in 2020, led by $TSLA, if this is $TSLA's time to run again, it may drag the laggards up with it.
For $RIVN, getting back above the bottom blue line at $11.67 is a good start.