Why Are EV Stocks Down Today?
ACHRArcher Aviation (ACHR) InvestorPlace·2024-01-19 23:14

Electric vehicle (EV) stocks are falling on Friday as the market reacts to news of Ford (NYSE:F) cutting production of the F-150 Lightning. That’s a blow to EV stocks as it has some investors worried that demand for EVs is starting to weaken in 2024. In this case, Ford confirms that the production cuts for the electric pickup truck are to meet customer demand. The Ford production cuts will have the company reducing the manufacturing shifts for the EV from two to one. That will impact 1,400 employees when th ...