When it comes to the ongoing, widespread adoption of electric vehicles (EVs), no company deserves more credit for kick-starting the current trend than Tesla (NASDAQ: TSLA). The company's robust financial performance has paved the way for a surging stock price. Tesla shares have climbed roughly 74% over the past year. Read More...
Motley Fool
Why Rivian Stock Is Climbing Today
The share price of Rivian Automotive (NASDAQ: RIVN), an electric vehicle (EV) company, skyrocketed this morning on seemingly no company-specific news. Instead, investors may be taking a second look at the EV stock and seeing a buying opportunity after its share price plummeted over the past six months. Its share price has fallen 49% over the past six months as many investors have fled high-growth stocks — and EV stocks in particular — as they’ve processed information about sky-high inflation, interest rate increases by the Federal Reserve, and the war in Ukraine.
Add Comment