The sharp pullback in Tesla Inc.'s stock (TSLA) continues to weigh on the shares of other electric vehicle makers, but with less effect. Tesla's stock dropped 6.7%, putting it on track for a third-straight loss, after losing 11.4% over the previous two sessions ( ), after the EV leader disclosed plans to sell shares, and after a large shareholder reduced the number of shares it held. China-based rival Nio Inc.'s stock (NIO) was headed for a second-straight loss ( ), as it slipped 1.9% ahead of Thursday's open after declining 1.1% on Wednesday. Shares of Workhorse Group Inc. (WKHS) eased 0.3% premarket after shedding 6.0% on Tuesday, while Nikola Corp. (NKLA) fell 1.6% after losing 3.9% on Wednesday. The declines comes as futures for the S&P 500 were down 0.3%.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
September 03, 2020 08:55 ET (12:55 GMT)
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