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Why EV Stocks Went Off the Road Wednesday

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.