Why Fisker, QuantumScape, and Workhorse Group Stocks Are Falling Today
Shares of electric-vehicle makers Fisker (NYSE: FSR) and Workhorse Group (NASDAQ: WKHS), and battery start-up QuantumScape (NYSE: QS) were all trading lower today amid a broad sell-off of tech-related growth stocks.
Here's where things stood as of 3 p.m. EST relative to Wednesday's closing prices:
Most electric-vehicle stocks were down on Thursday on concerns about potential inflation and signals from bond markets that interest rates could soon begin to rise. Another factor is the ongoing decline in category leader Tesla's (NASDAQ: TSLA) stock price. To some extent, the recent surges in these three stocks' prices were sparked by Tesla's huge run-up last year.
Source Fool.com
