Why Ford, Fisker, GM, Tata Motors And Tesla Shares Are Falling Today

Shares of several companies in the auto & auto component space, including Ford Motor Company F, Fisker Inc FSR, General Motors Company GM, Tata Motors Limited ADR TTM and Tesla Inc TSLA, are all trading lower as stocks pull back on continued volatility amid Russian military aggression in Ukraine. The conflict has weighed on stocks and economic sentiment.

As the Russia-Ukraine conflict persists, the SPDR Dow Jones Industrial Average ETF Trust DIA has fallen by 7.3% at $338.84 on a year-to-date basis, the SPDR S&P 500 ETF Trust SPY has lost 8.6% to $436.93 and the Invesco QQQ Trust Series 1 QQQ has fallen by 14.3% to $344.37. Stocks have also suffered losses in early 2022 as investors react to US inflation data, Fed tapering outlook and a new 2-year high in the 10-year US Treasury yield.

Ford is trading lower by 2.2% at $17.70.

Fisker is trading lower by 7.8% at $11.19.

GM is trading lower by 2.1% at $45.35.

Tata Motors is trading lower by 5.8% at $28.15.

Tesla is trading lower by 2.8% at $855.52.