It is the automobile inventory version of demolition derby on the Thursday before Xmas. The carnage implies a few factors: Buyers are deeply concerned about the financial system in 2023, investor are fearful about electric automobile demand and when times get rough, buyers enjoy cash flow.
Shares of electrical automobile start off-ups
Rivian Automotive
(RIVN) and
Lucid
(LCID) are off 7.2% and 4.8% in late Thursday investing, respectively. The
S&P 500
and
Dow Jones Industrial Typical
is down 1.9% and 1.5%, respectively.
