Several EV companies’ stocks increased on last Thursday.
Shares of several EV companies have moved sharply on Thursday. Surprisingly, Rivian, which reported a quarterly loss and has faced many difficulties recently, has ended its stock up by 18% intra-day. Lordstown Motors, which also sold its Ohio factory, has increased by 47% during the day.
Here are some of the EV stocks that has an increase on Thursday and some has significant rise on Friday closing:
| Thursday | Friday Closing | Friday Closing Price | ||
| Rivian | up to 18% | 9.88% | $ 26.70 | NASDAQ |
| Lordstown Motors | up to 47% | 10.36% | $ 2.45 | NASDAQ |
| Lucid Group | up to 13% | 14.79% | $ 18.01 | NASDAQ |
| Nikola | up to 9% | 15.50% | $ 6.41 | NASDAQ |
| Fisker | over 12% | 5.57% | $ 9.88 | NYSE |
| Solid Power (EV battery provider) | up to 10% | 7.44% | $ 7.80 | NASDAQ |
| GreenPower Motors (Electric Bus Manufacturer) | up to 5% | 7.69% | $ 4.62 | NASDAQ |
| Hyzon (Fuel cell heavy vehicle maker) | up to 14% | 14.79% | $ 3.88 | NASDAQ |
| XL Fleet (Electrification solutions provider) | up to 11% | 8.00% | $ 1.36 | NYSE |
| Mullen Automotive (Electric car company) | over 8% | 14.20% | $ 0.99 | NASDAQ |
However, even with the sudden stock surge, they are still far from their peak prices in 2021, like how Rivian’s stock is still far from its peak price of $172 last November.
Additionally, some large EV automakers are not on the list, such as Tesla, which was down 7.91% for the past week. Ford and General Motors did worse than Tesla, down by 11.04% and 2.13%, respectively, from the previous week.
