EV Stocks Jump With NIO up 8%, Tesla up 3%

Tiger Newspress

04/28

EV stocks jumped in morning trading. Faraday Future rose 22%, NIO rose 8%, VinFast Auto, Li Auto, Rivian, and Lucid rose 4%, Tesla rose 3%.

The Trump administration announced last week that it aims to speed deployment of self-driving vehicles by exempting some from certain safety requirements and easing rules requiring reporting of safety incidents.

Tesla is rumored to begin production of a three-row Model Y in China next month to support sales of the crossover.

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