EV Stocks Experience Volatility and Gains in Recent Trading

1 min read
Source: Benzinga
EV Stocks Experience Volatility and Gains in Recent Trading
Photo: Benzinga
TL;DR Summary

Electric vehicle stocks closed the week on an upbeat note, with Tesla hitting an eight-and-a-half month high. Tesla revealed more information on its upcoming Cybertruck and achieved a major battery production milestone. Rivian will be removed from the Nasdaq 100 Index, and the company announced the launch of its lifestyle-focused retail locations. Nio announced price cuts and began deliveries of its ET5 Touring in China. General Motors and Samsung SDI will build a new EV battery plant in Indiana, while Ford opened its Cologne EV Center in Germany. Nikola announced job cuts and expects to launch its hydrogen fuel-cell energy truck by Q4.

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