Tesla shares are headed for their best one-day percentage gain since March after the electric-vehicle maker posted record quarterly sales.
Tesla’s (TSLA) stock rose about 6%, boosting shares of other electric-vehicle makers. Rivian Automotive climbed over 12%, putting it on track for its largest percentage increase since November, after reporting its own strong deliveries. Lucid Group gained 5%.
Chinese EV makers also rose. Shares of BYD rose more than 4% in Hong Kong after the Berkshire Hathaway-backed company reported that June sales nearly doubled from the year before. U.S.-traded shares of Chinese EV makers NIO, Li Auto and XPeng also all rose.
Source: https://www.wsj.com/livecoverage/stock-market-today-dow-jones-07-03-2023/card/tesla-stock-jumps-after-price-cut-strategy-juices-deliveries-other-ev-makers-rally-FYOj6p2PbbKgDDgpmCld?siteid=yhoof2&yptr=yahoo