EV makers accelerate as investors eye Tesla's report

Proterra

26/01/2022 16:59

** Shares of electric-vehicle makers rise on Weds amid broad
market bounce back, and ahead of Tesla Inc's  TSLA.O  report due
after the bell
    ** TSLA up 3.7% on the session with the Street calling for
record rev of $16.4 bln and adj EPS of $2.32, per Refinitiv data
 urn:newsml:reuters.com:*:nL4N2U13OA
    ** Commercial EV firms gain: Nikola  NKLA.O  5.4%, Canoo
 GOEV.O  6.1%, Workhorse  WKHS.O  8.2% and Lordstown Motors
 RIDE.O  8.4%
    ** Rivian Automotive  RIVN.O  up 4.7%, though shares ~20%
below their Nov IPO price of $78
    ** Fisker  FSR.N  advances 3.4%, though Lucid Group  LCID.O 
dips 0.8%
    ** Canadian electric school bus manufacturer Lion Electric
Co  LEV.N  up 7.3%, while California-based peer Proterra Inc
 PTRA.O  up 5.6%
    ** Shares of self-driving sensor maker Luminar Technologies
 LAZR.O  leap 14.2%
    ** iShares Self-Driving and Tech ETF  IDRV.K  and Global X
Autonomous and Electric Vehicles ETF  DRIV.O  each climb ~1.8%

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))