Tag Archives: FFIE

Why So Many Electric-Vehicle Stocks Closed Lower on Thursday

What happened

Shares of several electric-vehicle companies closed lower on Thursday, after global auto giant Toyota (NYSE:TM) said that it will cut its September production by 40% due to parts shortages.

Here’s how these companies fared on Thursday, relative to their closing prices on Wednesday. 

Faraday Future Intelligent Electric (NASDAQ:FFIE) closed down 7.3%. Fisker (NYSE:FSR) closed down 7.2%. GreenPower Motors (NASDAQ:GP) closed down 8.5%. Lordstown Motors (NASDAQ:RIDE) closed down 9.5%. Lucid Group (NASDAQ:LCID) closed down 3.7%. Nikola (NASDAQ:NKLA) closed....More>>>

Why So Many Electric-Vehicle Stocks Closed Lower on Thursday

What happened

Shares of several electric-vehicle companies closed lower on Thursday, after global auto giant Toyota (NYSE:TM) said that it will cut its September production by 40% due to parts shortages.

Here’s how these companies fared on Thursday, relative to their closing prices on Wednesday. 

Faraday Future Intelligent Electric (NASDAQ:FFIE) closed down 7.3%. Fisker (NYSE:FSR) closed down 7.2%. GreenPower Motors (NASDAQ:GP) closed down 8.5%. Lordstown Motors (NASDAQ:RIDE) closed down 9.5%. Lucid Group (NASDAQ:LCID) closed down 3.7%. Nikola (NASDAQ:NKLA) closed....More>>>