ELMS - Electric vehicle roundup: TuSimple rallies Canoo falls back Tesla cruises around Musk tweet
The electric vehicle sector is having another volatile day with some names with an elevated level of short interest outstanding displaying extra volatility. The leading gainers in early trading are TuSimple Holdings (TSP +17.4%), Full Truck Alliance (YMM +12.5%), CBAK Energy Technology (CBAT +7.6%), XL Fleet (XL +4.3%) and Electric Last Mile Solutions (ELMS +3.0%). On the down side, Canoo (GOEV -7.8%) is giving back a lot its gains from yesterday and Lightning eMotors (ZEV -3.4%) is displaying some weakness. The EV mother ship is holding up fine after Tesla (TSLA +0.3%) CEO Elon Musk talked down the FSD Beta 9.2 release. Tesla investors have a long history of seeing Musk at times send a confusing message. See which automaker has the highest Seeking Alpha Quant Rating.
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Electric vehicle roundup: TuSimple rallies, Canoo falls back, Tesla cruises around Musk tweet