The US stock market showed a mixed trend ahead of the debt negotiations of the political world, but as the Nasdaq performed well, the stock prices of US electric car companies soared all at once.
On the 22nd (local time) on the New York Stock Exchange, Tesla soared 4.85%, Nikola 7.16%, Rivian 5.64%, and Lucid 6.55%.
The US stock market closed mixed on the day ahead of the debt negotiations. The Dow fell 0.42%, while the S&P 500 rose 0.02% and the Nasdaq rose 0.50%. Nasdaq, which has a lot of technology stocks, did a great job.
As a result, it seems that US electric vehicle stocks rallied all at once.
In particular, Tesla continued its upward trend for 5 consecutive trading days. On the New York Stock Exchange on this day, Tesla recorded $ 188.87, up 4.85% from the previous trading day.
In addition to Nasdaq’s relatively good performance, Ford, a strong automaker, announced that it would do everything to overtake Tesla, which also contributed to Tesla’s rapid rise, Barron’s, an investment magazine, analyzed.
Ford held a briefing session with investors and analysts on the day and declared that it would become an electric vehicle company that surpasses Tesla. In particular, it has also announced a series of supply contracts with various raw material suppliers required for battery development.
Ford has declared that it will enter the electric vehicle market more actively. This, Barrons analyzed, made Tesla, an electric vehicle leader, stand out even more.
Recently, Tesla rose for 5 consecutive trading days due to news such as plans to mass-produce the Cybertruck and the news that the new Model 3 has entered the completion stage.
In addition to Tesla, other electric vehicle makers also surged at the same time. Nikola, an electric truck startup (sprout), surged 7.16% to $0.81, Lucid soared 6.55% to $7.65, and Rivian surged 5.64% to $14.23.
Source: Donga
Mark Jones is a world traveler and journalist for News Rebeat. With a curious mind and a love of adventure, Mark brings a unique perspective to the latest global events and provides in-depth and thought-provoking coverage of the world at large.