(Bloomberg) -- Investors in electric-vehicle startups are facing another tough day after signs of trouble at two companies and a sharp climb in Treasury yields.
Smaller U.S.-listed EV makers including Lordstown Motors Corp., Nikola Corp., Nio Inc., Workhorse Group Inc., XPeng Inc. and Li Auto Inc. all fell on Thursday. Tesla Inc. also dropped, down as much as 4.1%, after U.K. transport authorities lowered a purchasing bonus for EVs.
The move means none of the Tesla cars will now qualify for the subsidies.
Sentiment toward EV stocks, which surged last year, has soured this month amid a rush of announcements from legacy automakers about their plans to move more aggressively into the nascent industry segment. Investors have also been shifting away from high-multiple stocks across the market as Treasury yields continued to rise.
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EV Makers Fall on Lordstown SEC Review, Nikola Investor Sale더 많은 다른 이슈의 동영상은
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