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Reading: EV companies’ stocks surged on Thursday
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EV-a2z > News > EV companies’ stocks surged on Thursday
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EV companies’ stocks surged on Thursday

EV-a2z
Last updated: 2022/08/16 at 8:39 PM
EV-a2z Published May 16, 2022 2 Min Read
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Rivian is new electric vehicle shown at the New York International Auto Show 2019, at the Jacob Javits Center
Rivian is new electric vehicle shown at the New York International Auto Show 2019, at the Jacob Javits Center
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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.

"I think investors just do not have confidence that they've been able to navigate it. And then ultimately the price increase, and they took back the price increase, look it's just been a comedy of errors." @DivesTech on whether Rivian is an investable stock pic.twitter.com/hq7fzKAFtg

— Worldwide Exchange (@CNBCWEX) May 12, 2022

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 
Rivianup 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
Fiskerover 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.

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TAGGED: Electric Vehicle, EV, Rivian, Share Price, Stock Price
EV-a2z August 16, 2022 August 16, 2022
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