US Stock Market Move | Most new energy vehicle stocks trended lower, with Rivian Automotive (RIVN.US) falling more than 3%.

On Wednesday, most of the new energy vehicle stocks went down. As of the time of writing, NIO Inc. Sponsored ADR Class A (NIO.US) and XPeng, Inc. ADR Sponsored Class A (XPEV.US) fell more than 4%, Rivian Automotive (RIVN.US) fell more than 3%, Li Auto, Inc. Sponsored ADR Class A (LI.US) fell 2.6%; Tesla