10 Firms Mirror Dow Jones Decline on Monday

6. Aurora Innovation Inc. (NASDAQ:AUR)

Shares of Aurora Innovation declined by 4.69 percent on Monday to end at $6.5 apiece as investors continued to sell off positions over concerns that the US electric vehicle (EV) industry is now being dominated by Chinese EV makers.

Former Nissan executive Andy Palmer, often called the “Godfather of EVs,” recently told Business Insider that China is now the undisputed leader in EV manufacturing. The statement came as a stern warning to US and European automakers namely Tesla, GM, Volkswagen, and other EV makers which employ 4.3 million workers.

In other news, Uber CEO Dara Khosrowshahi announced that he was stepping down as a member of the board for Aurora Innovation. However, he noted that his resignation was to focus on his ongoing responsibilities as CEO of the transport network company and not due to any disagreement with Aurora.