LCID - Electric vehicle roundup: Hyzon rips higher Tesla dips after Musk warning on production HYZN and ZEV gain

Hyzon Motors (HYZN +22.5%) is the leading gainer in the electric vehicle sector after landing a memorandum of understanding with Shanghai Hydrogen HongYun Automotive for the purchase of 500 hydrogen-powered electric trucks. HYZN was also singled out today by JPMorgan as an intriguing pure-play hydrogen mobility company. Investors are also bidding up HyreCar (HYRE +6.1%), Lightning eMotors (ZEV +6.7%), TuSimple (TSP +6.6%) and Lucid Motors (LCID +5.3%) in what has been a strong day for startups. Lucid also caught the attention of Wall Street with upgrades from CFRA Research and Citi. There also gentle gains for Workhorse Group (WKHS +1.5%) and Lordstown Motors (RIDE +2.3%) as investors size up potential regulatory roadblocks. Meanwhile, it was a relatively quiet day for Tesla (TSLA +0.5%) without any major developments breaking until Reuters reported within the hour that Elon Musk is warning employees in a memo that Q3 production was challenging. That development

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Electric vehicle roundup: Hyzon rips higher, Tesla dips after Musk warning on production, HYZN and ZEV gain