US Stock Market Move | New energy vehicle stocks opened low and fell. Tesla, Inc. (TSLA.US) fell by over 6%.

On Thursday, stocks of new energy vehicles opened low and continued to fall. As of the time of this report, Tesla, Inc. (TSLA.US) fell by over 6%, Rivian Automotive (RIVN.US) fell by 4.6%, NIO Inc. Sponsored ADR Class A (NIO.US) fell by over 1.7%, XPeng, Inc. ADR Sponsored Class A (XPEV.US) fell by 0.14%, Li Auto, Inc. Sponsored ADR Class A (LI.US) fell by over 2.7%, and Lucid Group (LCID.US) fell by over 1.8%. In terms of news, HSBC lowered Tesla, Inc.'s target price from $130 to $125, maintaining a "underweight" rating.