FSR - Auto sector ends wild week with Ford riding shotgun with EV high-fliers

Photo by Bet_Noire/iStock via Getty Images The electric vehicle sector capped off a wild week that saw solid positive developments from Ford (F) on electrification and General Motors (GM) on deliveries expectations ride shotgun with some Reddit-fueled enthusiasm over highly-shorted names. There was also some discussion over the near-term impact over higher oil prices on the EV trade and the potential tailwind from the infrastructure package. Auto stocks traded up and down all week. The leading gainers for the week were Workhorse Group (WKHS) +54%, Lordstown Motors (RIDE) +25%, Nikola (NKLA) +9%, Fisker (FSR) +17% and Electrameccanica Vehicles (SOLO) +17%. Ford wasn't too far behind with a 8% gain for the week and GM was up a solid 6%. Auto suppliers also drove higher, led by Tenneco (TEN) +37%, Superior Industries (SUP) +27% and American Axle & Manufacturing (AXL) +14%. Tesla (TSLA) was the leading decliner of the major auto

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Auto sector ends wild week with Ford riding shotgun with EV high-fliers