EV company seeks to block bankrupt rival’s asset sales
An ongoing rivalry between two startups is taking a dark turn.
For many investors right now, the electric vehicle (EV) market looks highly questionable. While several EV stocks have performed well over the past month, sector leader Tesla (TSLA) continues to battle high volatility.
Meanwhile, the recent automotive tariffs levied by the U.S. government against Canada and Mexico continue to cast uncertainty over the U.S. economy, particularly for companies in the car space. Additionally, rising prices across many different industries are causing customers to scale back their spending on luxuries such as highly priced vehicles.
