How the Silicon Valley Bank Collapse Impacts the Auto Industry

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How does SVB's collapse impact these companies and the auto industry as a whole? While these companies have already received their funding from SVB, they won't be able to secure any morecould result in more attention on the involved companies' finances than they'd probably like, as well.

Indirectly, the SVB's troubles has caused California investors to lose confidence in the market as the fear of"bank contagion" grows. Even though such fears seem to be abating at publishing time,reported that Wolfe Research downgraded its outlook on Tesla stock due to"macroeconomic concerns" following SVB's collapse.

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