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Why Investors Slammed the Brakes on U.S. Electric Vehicle and Associated Stocks Today
BYDDYBYD(BYDDY) The Motley Fool·2024-01-03 23:49

Solid sales figure from an overseas rival and discouraging news from top domestic automakers scotched U.S. electric vehicle (EV) stocks on Wednesday. The effect also spread to affiliated businesses like component makers.High-end SUV manufacturer Fisker (FSR -8.59%) suffered a nearly 9% drop that day in its share price as a result. Next-generation truck specialist Nikola (NKLA -11.14%) felt the impact more acutely by taking a more than 11% hit to its stock. Ambitious, envelope-pushing battery company Quantum ...