Why EHang Holdings Stock Is Falling Today
Shareholders of EHang Holdings (NASDAQ: EH) have gone on a wild ride so far in 2021, with the stock up as much as 450% earlier this year. The company has attracted its fair share of fans, and critics, along the way. But a disclosure by the Chinese company, which plans to make autonomous flying taxis, that it would be delayed in filing its year-end financials has the bears in charge on Monday, with the shares off 15%.
EHang is developing a range of products, but most of the attention is on its EH216 flagship autonomous aerial vehicle. The company hopes to see fleets of its flying taxis shuttling passengers in the years to come.
Image source: Getty Images.
Source Fool.com
