Piper Sandler analyst Brent Bracelin said that while valuations have stabilized, he sees continued dangers as the global economy slows down. Read More...
Motley Fool
Why Nio, Rivian, and ChargePoint Stocks Are Volatile Today
Instead, investors appeared to be concerned with comments made by Goldman Sachs CEO David Solomon and former Amazon CEO Jeff Bezos about the state of the U.S. economy. The EV industry is just beginning to find its footing, but a widespread economic slowdown in the U.S. and abroad could add to an already turbulent time for high-growth EV companies. As a result, Nio (NYSE: NIO) was down by 9%, Rivian Automotive (NASDAQ: RIVN) fell by as much as 3.4% before bouncing back up by 0.1%, and ChargePoint Holdings (NYSE: CHPT) dropped 3.8% as of 11:49 a.m. ET.
Add Comment