TREE NEWS reports: The Bloomberg Electric Vehicle Price Return Index fell 0.56% on Friday, October 16, closing at 2,973.30 points, with losses continuing through the U.S. trading session. The index ended the week down 6.13%, its sixth decline in the past seven weeks and its steepest weekly drop since the week of June 26, when it fell more than 8.95%.
Bloomberg EV Price Return Index Falls 0.56% to 2,973.30, Down 6.13% for the Week
The sixth decline in seven weeks points to a sustained repricing across the EV complex rather than a single-session wobble, with the weekly drop the steepest since late June. That breadth matters more than the daily move: it suggests weakness is being carried by the sector as a whole, not isolated names. The open question is whether this run of weekly losses extends into a seventh, or whether the pace of selling decelerates from here.
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