Tesla's Not the Only EV Stock Climbing Wednesday

Stocks remain near all-time record highs, with some major market benchmarks pushing further into uncharted territory Wednesday morning. As of 11:15 a.m. EDT today, the Dow Jones Industrial Average (DJINDICES: ^DJI) had eased lower by 22 points to 33,924, but the S&P 500 (SNPINDEX: ^GSPC) had gained 2 points to 4,248, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) extended its record run with a 17-point gain to 14,270.

Electric vehicle (EV) stocks have been key growth drivers during the bull market over the past year, with industry pioneer Tesla (NASDAQ: TSLA) playing a vital role in supporting investor sentiment in the fast-growing space. The company's stock gained ground on Wednesday, but other players in the EV space also saw sizable gains. Below, we'll look at why investors are excited about EVs and what the latest news means for companies across the industry.

Shares of Tesla were up between 4% and 5% on Wednesday morning. The EV pioneer continued to expand its infrastructure to support its vehicle sales.

Source Fool.com