NKLA - Why Kandi Technologies Shares Continue to Slide Today
The stock of Chinese electric-vehicle (EV) maker Kandi Technologies (NASDAQ: KNDI) is continuing a drop that began yesterday, with shares down 8% as of 11:35 a.m. EST.
Today's dip is on top of the 28% drop the shares experienced yesterday from Friday's closing price.
The big news yesterday was a scathing report on Kandi from short-seller firm Hindenburg Research. Investors may be familiar with that firm as the one that put electric-truck maker Nikola (NASDAQ: NKLA) in the news and caused founder Trevor Milton to leave the company.
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Why Kandi Technologies Shares Continue to Slide Today