Comment on Tesla stock price surges after Q4 earnings. EV rivals Rivian and Nio see a bump, too

Tesla stock price surges after Q4 earnings. EV rivals Rivian and Nio see a bump, too

Shares in electric-vehicle companies were poised to rise on Thursday after Tesla reported better-than-expected earnings. Ever since Elon Musk took over Twitter in October 2022, Tesla (TSLA) shares have had a bumpy ride. On October 28, 2022, Tesla’s stock was trading above $228, but by January 5, 2023, it had sunk nearly 50% to just above $110.

 

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