Bloomberg EV Price Return Index Falls 1.08% to 2,943.65

The dispersion inside the index is more telling than the headline decline: the weakness is concentrated in China-linked lidar and autonomous-driving names like Hesai and Pony.ai, alongside India's Ola Electric, while Tesla and Ambarella finished firmly higher. That split suggests the move reflects company- and region-specific pressure on the EV supply chain rather than a uniform sector de-rating. Whether this divergence between US names and Asian EV-adjacent constituents persists is the open question worth tracking.