Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Henry Khederian

Why Tesla, Lucid Group And Workhorse Shares Are Falling Today

Shares of several stocks in the auto & auto components sector, including Tesla Inc (NASDAQ:TSLA), Lucid Group Inc (NASDAQ:LCID) and Workhorse Group Inc (NASDAQ:WKHS), are all trading lower as stocks pull back on continued volatility amid Russian military aggression in Ukraine. The conflict has weighed on stocks and economic sentiment.

As the Russia-Ukraine conflict persists, the SPDR Dow Jones Industrial Average ETF Trust (NASDAQ:DIA) has fallen by 4.20% at $332.71 over the past month, the SPDR S&P 500 ETF Trust (NASDAQ:SPY) has lost 3.68% to $424.23 and the Invesco QQQ Trust Series 1 (NASDAQ:QQQ) has fallen by 5.39% to $328.35. Stocks have also suffered losses in early 2022 as investors react to US inflation data, Fed tapering outlook and a new 2-year high in the 10-year US Treasury yield.

See Also: The Only Reason Dan Ives Remains Bullish On Rivian Is...

Tesla is trading lower by 4.90% at $797.26.

Lucid is trading lower by 5.45% at $22.86.

Workhorse is trading lower by 12.86% at $3.36.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.