WBX - Rivian earnings Fisker pop and Tesla Investor Day put the spotlight on the EV sector

Pockets of the electric vehicle sector shot up on Monday on a busy week of earnings for the sector and with Tesla ( TSLA ) set to hold its Investor Day event on March 1.

Fisker ( FSR ) rocked a 30.33% gain after its positive EBITDA projection and deliveries updates boosted sentiment on the highly-shorted stock.

Tesla ( TSLA ) racked up a 4.05% gain despite pausing rollout of a FSD beta due to a pending software fix related to the recent recall of 362K vehicles.

Rivian Automotive ( NASDAQ: RIVN ) ralled 4.17% with the EV upstart's earnings report due out on Tuesday. Ahead of the report, Mizuho reiterated a Buy rating on Rivian Automotive ( RIVN ) on its view that execution is still going well. The firm expects an earnings beat from Rivian ( RIVN ), but some cautious guidance for Q1 with production adjustments from Enduro Motor and LFP Batteries in play. Rivian is forecast to post revenue of $729M for Q4 and EPS of -$1.95. Read why The Value Pendulum is bullish on Rivian for 2023 and sees a run to $50 per share.

Some of the other advancers in the electric vehicle sector in mid-day trading were Electrameccanica Vehicles ( SOLO ) +7.14% , TuSimple ( TSP ) +6.85% , Aurora Innovation ( AUR ) +4.59% , Innoviz Technologies Ltd. ( INVZ ) +4.05% , Blue Bird Corporation ( BLBD ) +3.66% , Volcon ( VLCN ) +3.51% , and Aeva Technologies( AEVA ) +3.49% .

Blink Charging ( BLNK ), ChargePoint Holdings ( CHPT ), and Wallbox N.V. ( WBX ) are also in the earnings confessional this week.

Join the discussion on what to expect out of Tesla's Investor Day event.

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