EV Stocks Roar Back to Life This Week
Electric vehicle (EV) stocks have come bouncing back to life this week, following a rough week for most of the industry to start July. This week, it was both a rising market and falling interest rates that had investors excited about the market.
According to data provided by S&P Global Market Intelligence, shares of Rivian (NASDAQ: RIVN) rose as much as 22.1% this week; Nikola (NASDAQ: NKLA) jumped 12.6%; and charging company Blink Charging (NASDAQ: BLNK) was up 10.6% at its peak. At noon EDT on Friday, the stocks were up 21.6%, 12%, and 18.5%, respectively.
Most of the industry's delivery news came out last week, and it wasn't all that inspiring when paired with the bankruptcy of Fisker. A shutdown at Rivian's plant has impacted production so far this year, and even Tesla's (NASDAQ: TSLA) deliveries fell 5% from a year ago.
Source Fool.com
Tesla Inc Stock
Our community is currently high on Tesla Inc with 70 Buy predictions and 28 Sell predictions.
With a target price of 249 € there is a slightly positive potential of 13.36% for Tesla Inc compared to the current price of 219.65 €.
