RIVN - Electric vehicle roundup: TuSimple jumps after update battery charging names on watch

Electric vehicle stocks had a mixed morning after the consumer price report showed a 7.5% year-over-year increase in inflation and the Biden administration announced a five-year $5B investment in the nation's electric vehicle charging network. TuSimple (TSP +8.4%) was one of the biggest sector gainers in midday trading after its earnings report was digested. Morgan Stanley said the TuSImple (NASDAQ:TSP) did not enough to recharge the bull case on the stock. "TSP is doing everything it possibly can to demonstrate to the market that autonomous trucking is real with repeated Driver Out tests, strong partnerships and even effectively pulling forward the timeline of commercialization to the end 2023, which has rarely, if ever, happened in technology disruption industries," noted analyst Ravi Shanker. Other gainers included Blue Bird Corporation (BLBD +8.0%), GreenPower Motor Company (GP +3.1%), Hyzon Motors (HYZN +4.6%), FuelCell Energy (FCEL +4.2%) and Faraday Future Intelligent Electric (FFIE +4.3%).

For further details see:

Electric vehicle roundup: TuSimple jumps after update, battery charging names on watch