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Why Kandi Technologies Shares Continue to Slide Today

TheMotleyFool

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Why Kandi Technologies Shares Continue to Slide TodayPhoto, wide shot, wide-angle lens, soft focus, Car manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-YEvJ4lsD0cnHYMSisqF0KmhC.png?st=2023-12-29T13%3A52%3A04Z&se=2023-12-29T15%3A52%3A04Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-12-29T03%3A19%3A21Z&ske=2023-12-30T03%3A19%3A21Z&sks=b&skv=2021-08-06&sig=cgEmp8qYLk6LiC9uwJEp9XOt32ky3AObpdzG41upqzc%3D

The stock of Chinese electric-vehicle (EV) maker Kandi Technologies (NASDAQ: KNDI) is continuing a drop that began yesterday, with shares down 8% as of 11:35 a.m. EST.

Today's dip is on top of the 28% drop the shares experienced yesterday from Friday's closing price.

The big news yesterday was a scathing report on Kandi from short-seller firm Hindenburg Research. Investors may be familiar with that firm as the one that put electric-truck maker Nikola (NASDAQ: NKLA) in the news and caused founder Trevor Milton to leave the company.

Source Fool.com

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