QuantumScape Corp QA Shares are trading down 7.43% at $8.84 before the close on Wednesday as EV shares are weak after mixed fourth-quarter results Rivian Automotive Inc and worse than expected results Workhorse Group Inc. Rivian also said supply chain issues will continue into 2023.

So what’s up with Rivian and Workhorse?

Rivian also plans to recall 12,716 vehicles to repair an auto-locking roll-up sensor on the passenger seat, according to the National Highway Traffic Safety Administration (NHTSA).

In a statement, Rivian said the recall was limited to a “very small percentage of vehicles” and affected certain model year 2022 R1S and R1Ts. This is Rivian’s second recall in the last six months…Continue reading

Workhorse, meanwhile, reported quarterly losses of 24 cents per share, missing analyst consensus estimates of a loss of 18 cents by 33.33 percent.

The company reported quarterly revenue of $3.45 million, falling 72% short of analysts’ consensus estimate of $12.30 million…Continue reading

According to data from Gasoline ProQuantumScape has a 52-week high of $22.21 and a 52-week low of $5.11.