Tesla Is Falling Today, While Electric Air Taxi Stocks Archer Aviation and Joby Aviation Surge

Electric vehicle stocks fell today, as the market settled in for President Donald Trump's first day on the job. The Dow Jones Industrial Average ripped over 400 points higher, while the S&P 500 and Nasdaq Composite traded modestly higher.Shares of Tesla (NASDAQ: TSLA) traded nearly 3% lower as of 12:14 p.m. ET today. Meanwhile, shares of the electric air taxi stocks Archer Aviation (NYSE: ACHR) and Joby Aviation (NYSE: JOBY) had surged 11.2% and 11.5%, respectively.Trump was sworn into office yesterday and wasted no time getting to work, repealing 78 executive orders from former President Joe Biden and signing many new ones of his own. One of the orders that Trump repealed called for U.S. automakers to significantly lower greenhouse emissions by 2030, a move that encouraged more production of electric vehicles. Most electric vehicle stocks traded down today.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool