Why EV Stocks Went Off the Road Wednesday
The stock market headed lower on Wednesday, as investors lost patience with Congress and the White House in their thus-far failed negotiations about the debt ceiling. Stock market benchmarks were down as much as 1% in early-afternoon trading. Declines were almost as large for Nio (NYSE: NIO), while outside of China, Tesla (NASDAQ: TSLA) suffered a less significant percentage drop in its stock price.