Electric Vehicle Stocks Rise

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EV bear market ending

The Motley Fool

•

Business

Business & Economics

Why Electric Vehicle Stocks Rivian, Wolfspeed, and Indie Semiconductor Rallied Today

Summary

Nutrition label

71% Informative

Shares of electric vehicle ( EV ) stocks were on the rise Thursday , including Rivian (NASDAQ: RIVN) and EV -related power chipmakers Wolfspeed ( NYSE : WOLF) and Indie Semiconductor .

These stocks were up 5.7% , 14.9% , and 5.1% , respectively, as of 1:30 p.m. ET .

All three companies are currently losing money as they invest in the future EV industry.

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