VLTA - Electric vehicle stocks slide with broad markets concerns in play again
There are sharp losses across the electric vehicle sector with rising interest rate, Fed tapering and supply chain fears rolling over the broad market. Hyzon Motors (HYZN -19.7%) is in a class by itself after the stock was targeted in a short seller report. Notable decliners include AEye (LIDR -15.4%), Volta (VLTA -6.0%), HyreCar (HYRE -7.5%), Romeo Power (RMO -9.3%), Canoo (GOEV -6.1%), XL Fleet (XL -6.5%), Li-Cycle (LICY -5.9%), Nikola (NKLA -6.5%), Ayro (AYRO -5.2%), Lucid Group (LCID -5.1%), Fisker (FSR -4.0%), Li Auto (LI -3.6%) and Nio (NIO -4.5%). Tesla (TSLA -1.5%) is faring better than most after Piper Sandler said it expects the automaker to post its strongest quarter ever. Meanwhile, Ford Motor Company (F +1.6%) is solidly in positive territory after the automaker reiterated its EV commitment. Two of the only gainers on the rough trading day are ChargePoint Holdings (NYSE:CHPT) +2.37% and EVgo (NASDAQ:EVGO) +0.77% as
For further details see:
Electric vehicle stocks slide with broad markets concerns in play again