ARVL - Electric vehicle stocks gain as focus pivots back to green transition

The electric vehicle sector is taking back some ground after a couple of rough weeks. It is not all about Tesla today after Fisker ([[FSR]] +2.6%) announced a deal with Foxconn and QuantumScape ([[QS]] +3.2%) said it is pushing ahead with its partnership with Volkswagen. A positive update from General Motors ([[GM]] +1.7%) on its Cruise self-driving production ramp is also turning the attention away from crypto dalliances to electric and autonomous vehicle technology advancements. There is also XPeng ([[XPEV]] +6.3%), which issued slightly better comments on the global chip shortage than what was heard last week around the industry. As for the EV Mother Ship, Tesla ([[TSLA]] +2.0%) is not without its defenders. Morgan Stanley, for one, recommends snapping up shares. Analyst Adam Jonas: "We believe the pullback provides an emerging opportunity for investors to increase exposure to Tesla in their EV/Auto 2.0 portfolios and we are a buyer

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Electric vehicle stocks gain as focus pivots back to green transition