RIDE - Electric vehicle stocks bid down again as uncertainty ratchets up

The electric vehicle sector is getting slammed again as concerns over China growth, rising interest rates and the status of the infrastructure legislation continue to steer sentiment. Notable decliners include Workhorse Group (WKHS -8.6%), Faraday Future Intelligent (FFIE -7.9%), Lightning eMotors (ZEV -5.3%), Proterra (PRTA -1.4%), Hyliion Holdings (HYLN -4.3%), Lion Electric Company (LEV -3.2%) and Lordstown Motors (RIDE -3.8%). Earlier today, Wedbush Securities pitched the bull case for long-term gains for EV stocks. The list of favorites doled out by subsector included Tesla (TSLA +0.1%), Nio (NIO -0.6%) and Electric Last Mile (ELMS -0.9%). It was a different story for Hyzon Motors (HYZN -5.9%), which saw a second short-selling firm come in with a negative report.

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Electric vehicle stocks bid down again as uncertainty ratchets up