US Stock Market Move | New energy vehicle stocks fell, with Rivian Automotive (RIVN.US) dropping more than 5%.

On Wednesday, shares of electric vehicle companies fell. As of the time of writing, Rivian Automotive (RIVN.US) and NIO Inc. Sponsored ADR Class A (NIO.US) dropped more than 5%, XPeng, Inc. ADR Sponsored Class A (XPEV.US) fell over 4%, Li Auto, Inc. Sponsored ADR Class A (LI.US) fell nearly 2.7%; Tesla, Inc. (TSLA.US) rose by 0.23%.