Tesla stock surges after the electric-vehicle maker’s second-quarter deliveries top estimates, and Nvidia shares move lower after the stock snapped a two-session losing streak. Read More...
Analysis-Rough road ahead for US EV makers despite upbeat quarterly sales
General Motors, Rivian and Toyota posted upbeat EV deliveries on Tuesday, while Tesla reported a smaller-than-expected decline, and investors responded by driving up shares of several of the stocks. EV sales globally are expected to rise to 16.6 million vehicles this year, from 13.7 million in 2023, according to the International Energy Agency, with China’s growth outpacing other regions. Analysts caution, however, that Tuesday’s sales figures are insufficient to forecast a reacceleration of EV sales growth.
Reuters•
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