Electric vehicle and allied sector stocks extended their losses in the week ending May 6, caught in the vortex of the broader market sell-off seen in the final two sessions of the week. Chinese EV stocks led the week's retreat amid fears that they could be potentially delisted from U.S. exchanges.
Elon Musk, through this electric vehicle venture Tesla, Inc. (NASDAQ: TSLA) CEO, is credited with furthering the cause of the environment by providing an alternative to gas-guzzling vehicles.
Despite a global boycott of Russia and an international condemnation of the Kremlin’s actions against Ukraine, some multinationals have dismissed demands to exit or scale down their presence in Russia for various reasons and choosing to continue business-as-usual.
To showcase the securities lending volatility indicator (SLVI) as a stock market gauge, we show how changes in the SLVI forecasted a -7.21% decline in Toyota Motor Corporation (NYSE: TM) over 11 trading days in the early weeks of April 2022.