Midday Report: Rivian, Lucid are jumping 8%, stocks are erasing earlier gains (Tesla, Nio, Xpeng, Polestar, …)

As of 1:26 PM EST, most of the EV stocks are on positive territory although they’re losing some earlier gains pressured by the Futures and the Russia – Ukraine tensions. The American electric truck maker Rivian Automotive leading the intraday gains (+8.55%) followed by Lucid Motors (+7.76%) that will have the Earnings Conference on February 28th with a Q&A Platform to answer the most upvoted questions by investors. Nio and Lucid are — so far — the most traded stocks among the EVs with 28M of Volume each one.

Rivian Automotive

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Lucid

  • Lucid shares are trading +7.76% higher at $27.85 with 28M of volume, the second on the EV list.
  • Lucid announced today that will host a conference call to discuss its fourth quarter and fiscal year 2021 financial results on Monday, February 28, 2022, at 2:30 pm PT / 5:30 pm ET. Prior to the conference call, the company will issue an earnings press release with a link to the live webcast on its investor relations website, ir.lucidmotors.com.
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Tesla

  • Tesla is trading at $881.17, up +2.46% on the day, after reaching $898.88 during the first hours of the session.
  • Earlier today, Tesla has announced that non-Tesla vehicles can now charge at all Superchargers in the Netherlands via the Tesla app.
  • Last Friday, on the Spike’s Car Radio, Tesla Design Chief spoke about the new Roadster: “We’re working on it; In the time we’ve been developing it,we’ve also been learning a lot. Plaid’s a great learning platform that all these experiences will make its way back into a much better Roadster than had we launched right after we debut.” Listen to the full interview HERE.

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Nio

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Xpeng

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Polestar

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Fisker

  • Fisker shares are flat with a +0.35% increase on the day ahead of its SUV in Europe later this month.
  • The company will stage the European debut of its all-electric Fisker Ocean SUV at Mobile World Congress in Barcelona.
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