EV stocks bounce after rough start to 2022; Tesla nabs a bull

Proterra

31/01/2022 15:53

** Electric-vehicle stocks rise early Mon, looking to finish
Jan on positive note after steep selloff
    ** Tesla  TSLA.O  rebounds 8.5% after Credit Suisse upgrades
to 'outperform', says recent tumble in growth stocks has created
attractive entry point  urn:newsml:reuters.com:*:nL4N2UB2ER
    ** Last week, TSLA warned supply chain disruptions could
last through this year  urn:newsml:reuters.com:*:nL1N2U72DF
    ** Commercial EV firms gain: Nikola  NKLA.O  5.9%, Canoo
 GOEV.O  10.8%, Workhorse  WKHS.O  15.2% and Lordstown Motors
 RIDE.O  20.0%
    ** Other risers include: Rivian Automotive  RIVN.O  7.1%,
Fisker  FSR.N  10.6%, Lucid Group  LCID.O  6.8%
    ** Shares of self-driving sensor maker Luminar Technologies
 LAZR.O  up 7.7%
    ** Canadian electric school bus maker Lion Electric Co
 LEV.N  up 5.8%, and California-based peer Proterra Inc  PTRA.O 
up 6.4%
    ** Chinese EV makers Nio  NIO.N  up 13.7%, Li Auto  LI.O  up
7.6% and and XPeng  XPEV.O  up 7.0% as they get set to report
monthly deliveries
    ** Germany-based Sono Group NV  SEV.O , which makes electric
cars integrated with solar panels, jumps 10.8%

 (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))