CHPT - Electric vehicle stocks rally as Green Tidal Wave hopes are recharged

nadla/iStock via Getty Images Electric vehicle stocks are gaining again in early action in a move that is being attributed to progress with the infrastructure deal in D.C. That is recharging the Green Tidal Wave vibe that was pretty common from Wall Street earlier in the year. Morgan Stanley analyst Adam Jonas noted previously that the EV infrastructure bill could include purchase incentives for EVs, development of charging and manufacturing infrastructure, grid enhancement, etc. - which could all disproportionately benefit Tesla and pure BEV startups in the near term. Wedbush Securities analyst Dan Ives and team forecast the EV market represents a $5 trillion total addressable market over the next decade with many EV OEMs/supply chain players poised to be major winners. EV gainers premarket: Tesla (TSLA) +2.72%, Fisker (FSR) +1.22%, Workhorse Group (WKHS) +2.85%, Lordstown Motors (RIDE) +3.95%, Canoo (GOEV) +1.33%, Churchill Capital Corp IV-Lucid (CCIV) +2.75%, ChargePoint Holdings (CHPT)

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Electric vehicle stocks rally as Green Tidal Wave hopes are recharged