Why Churchill Capital IV, Canoo, Electrameccanica (SOLO), and Other Electric Vehicle Stocks Are Down Today
Shares of quite a few electric vehicle and self-driving-related stocks, including some high-flying names, were trading lower on Thursday afternoon on growing economic concerns in the United States.
Here's where things stood as of 2:30 p.m. EST for these companies' stocks, relative to their closing prices on Wednesday.
None of these companies' stocks were moving lower on company-related news, as there wasn't any aside from a minor announcement from Lucid Motors. What appears to be going on is a so-called "risk-off" movement in the broader market, driven by a few separate, but related, concerns.
Source Fool.com
