Advertisement
New Zealand markets close in 1 hour 17 minutes

  • NZX 50

    11,804.97
    -70.38 (-0.59%)
     

  • NZD/USD

    0.5925
    +0.0006 (+0.09%)
     

  • NZD/EUR

    0.5546
    +0.0004 (+0.08%)
     

  • ALL ORDS

    7,909.90
    +48.90 (+0.62%)
     

  • ASX 200

    7,654.20
    +48.60 (+0.64%)
     

  • OIL

    82.90
    +0.21 (+0.25%)
     

  • GOLD

    2,388.30
    -0.10 (-0.00%)
     

  • NASDAQ

    17,493.62
    -220.04 (-1.24%)
     

  • FTSE

    7,847.99
    +27.63 (+0.35%)
     

  • Dow Jones

    37,753.31
    -45.66 (-0.12%)
     

  • DAX

    17,770.02
    +3.79 (+0.02%)
     

  • Hang Seng

    16,460.01
    +208.17 (+1.28%)
     

  • NIKKEI 225

    38,090.87
    +129.07 (+0.34%)
     

  • NZD/JPY

    91.3780
    +0.0900 (+0.10%)
     

Why Canoo, Nikola, and Lordstown Motors Are Falling Today

Chris Neiger, The Motley Fool
·3-min read
Why Canoo, Nikola, and Lordstown Motors Are Falling Today

Shares of electric vehicle companies Canoo (NASDAQ: GOEV), Nikola (NASDAQ: NKLA), and Lordstown Motors (NASDAQ: RIDE) were tumbling today after an analyst made comments yesterday indicating that price drops for EVs could be the new normal. EV stock investors may also be on edge as the Federal Reserve meets today to decide on how it will proceed with interest rate increases to fight inflation. As a result of all of this news, Canoo's shares were down 6.1%, Nikola had fallen 3.7%, and Lordstown's stock dropped 5.3% as of 11:32 a.m. ET.

Continue reading