Why Investors Slammed the Brakes on Electric Vehicle and Related Stocks Monday
The Motley Fool
APRIL 15, 2024
In the still-developing electric vehicle (EV) industry, what happens to its leading company tends to affect every other manufacturer and supplier. That's why some troubling news from the No. 1 EV maker almost immediately filtered down into the rest of the sector Monday, impacting the prices of fellow manufacturers and associated companies alike. Up-and-coming Asian EV maker VinFast (NASDAQ: VFS) , for example, saw its share price decelerate sharply by over 9% on the day.
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