TEN - Auto supplier stocks drop as electric vehicle buzz wears off a bit
It is a bump road before the holiday break for auto supplier stocks, with the group tracking lower amid a broad decline of electric vehicle stocks from their dizzying heights. Notable decliners include Foresight Autonomous ([[FRSX]] -5.8%), Tenneco ([[TEN]] -4.9%), Adient ([[ADNT]] -4.4%), American Axle & Manufacturing ([[AXL]] -3.8%), Cooper-Standard ([[CPS]] -4.6%), Veoneer ([[VNE]] -4.2%), Dana ([[DAN]] -3.7%), Visteon ([[VC]] -3.4%), Aptiv ([[APTV]] -2.6%), BorgWarner ([[BWA]] -2.5%) and China Automotive Systems ([[CAAS]] -4.5%). Most of those names have been positioning themselves to benefit from the growth of autonomous and electric platforms, particularly in China.Charging specialist Blink Charging ([[BLNK]] -11.9%) is also down sharply.Previously: Electric vehicle sector is under pressure following dizzying rally
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Auto supplier stocks drop as electric vehicle buzz wears off a bit