Workflow
Electric Vehicle and Autonomy Stocks Collapsed This Week
BLNKBlink(BLNK) The Motley Fool·2024-08-09 17:00

Earnings left a lot to be desired. The slowdown in electric vehicle (EV) demand around the world hasn't been isolated to electric vehicle manufacturers. Suppliers across the industry are also seeing demand slow and that's exacerbating losses. This week was one of the worst EV suppliers have seen. According to data provided by S&P Global Market Intelligence, shares of Blink Charging (BLNK -3.99%) have fallen as much as 25.8% this week, Luminar (LAZR 0.57%) dropped 34%, and Solid Power (SLDP -1.09%) was down ...