Why Ford, GM And Tesla Shares Are Falling Today

Shares of several companies in the automotive & auto component sectors, including Ford Motor Company F, General Motors Company GM and Tesla Inc TSLA, are all trading lower from pressure in the overall market as investors weigh the potential economic impacts from rising Russia-Ukraine tensions.

US indices at-large are trading lower after Russia ordered troops into separatist regions of Ukraine after recognizing the Donetsk and Luhansk regions as independent.

Ford shares have seen marked weakness in February, trading lower by 16.8%. 

GM shares are trading lower by 14.4% for the month in sympathy with the broader market. 

Tesla shares are lower by 13.9% in February, weakness is also in sympathy with the broader market.

See Also: Why Jim Cramer Likes Upstart And This Cybersecurity Stock Being Featured On 'Mad Money' Tonight

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: MoversTrading Ideaswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!