Why EV Stocks Nio, Rivian, and Li Auto Were Volatile Today
Some EV stocks were having an unusually good day today after Chinese electric automakers Nio (NYSE: NIO) and Li Auto (NASDAQ: LI) released their vehicle delivery numbers for October. Both companies increased vehicle production on a year-over-year basis but fell on a sequential basis.
But Rivian's (NASDAQ: RIVN) share price likely dropped after a report was published yesterday that said the EV maker is postponing some R1T trucks that were ordered with a specific battery and motor configuration.
As a result, Nio's stock was up by 8%, Li Auto's shares gained 2.6%, and Rivian's stock fell by 3.6% as of 11:57 a.m. ET.
Source Fool.com
