GOEV - Tesla and other EV stocks fall as China regulatory crackdown concerns grow

Thanumporn Thongkongkaew/iStock via Getty Images The deepening anxiety over regulatory risk with Chinese stocks seems to be overshadowing Tesla's ([[TSLA]] -2.5%) record tally of more than $1B in net income during Q2. The concerns are emanating from the tech sector and led to Cathie Wood's ARK Invest selling holdings like Tencent Holdings and KE Holdings. Analysts warn that some takeover premiums and overall valuations in the EV sector could suffer if the China outlook does not improve, even for the electric vehicle upstarts not directly tied to China. Decliners in early trading include Full Truck Alliance ([[YMM]] -7.6%), Kandi Technology Group ([[KNDI]] -5.5%), Nio < >, XPeng ([[XPEV]] -10.0%), GreenPower Motor Company ([[GP]] -3.9%), Li Auto ([[LI]] -6.7%), Canoo ([[GOEV]] -4.4%), Nikola ([[NKLA]] -5.2%), Hyliion Holdings ([[HYLN]] -4.3%), Workhorse Group ([[WKHS]] -4.5%) and Lordstown Motors ([[RIDE]] -5.1%). Lucid Motors (LCID) is not being spared on its second day of trading, with shares down

For further details see:

Tesla and other EV stocks fall as China regulatory crackdown concerns grow