
EV stocks continued to be under pressure in the week ending April 29, with Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) and Arrival (NASDAQ:ARVL) and Tesla, Inc. (NASDAQ:TSLA) leading the declines. The stocks took cues from the broader market, which wilted under the impact of multiple headwinds.
Supply chain constraint and input cost inflation are two big risks threatening to derail the ongoing EV momentum. All eyes are on the COVID situation in China, given the country is vital from the perspective of both demand and supply.