Lordstown Motors, Rivian slide lead EV slump

Proterra

09/05/2022 16:03

** Lordstown Motors  RIDE.O  and Rivian Automotive  RIVN.O 
lead losses among electric vehicle stocks
    ** RIDE slides 10.5% after saying it will need more funds to
scale up production of Endurance pickup truck  urn:newsml:reuters.com:*:nL3N2X12BQ
    ** RIVN plunges 13.3% to post-IPO low after report that
early investor Ford  F.N  would be selling part of its stake in
co  urn:newsml:reuters.com:*:nL3N2X11RG
    ** World's largest automaker by market cap Tesla Inc
 TSLA.O  falls 6.3%
    ** Lucid Group  LCID.O , Nikola  NKLA.O , Canoo  GOEV.O ,
Workhorse  WKHS.O  and Proterra Inc  PTRA.O  fall 6%-10%
    ** EV charging and battery cos ChargePoint  CHPT.N ,
QuantumScape  QS.N , Blink Charging  BLNK.O , Nuvve Holding Corp
 NVVE.O  and Romeo Power  RMO.N  slump 6% to 14%
    ** Chinese EV firms Nio Inc  NIO.N , Xpeng  XPEV.N  and Li
Auto  LI.O  drop between 7% and 10%
    ** Mullen Automotive  MULN.O , popular among retail
investors, jumps 8%

 (Reporting by Medha Singh)
 ((medha.singh@thomsonreuters.com))