LI - Telsa Li Auto and Nikola trade higher even as Omicron anxiety sweeps over market again

Parts of the electric vehicle sector are holding up even as Omicron anxiety returns to the markets after Moderna's CEO warned on the effectiveness of vaccines. Notable EV-related gainers include XPeng (XPEV +5.7%), Li Auto (LI +3.0%), REE Automotive (REE +3.8%), Nikola (NKLA +3.4%), Ayro (AYRO +0.7%), Innoviz Technologies Ltd. (INVZ +1.7%), Lucid Motors (LCID -0.5%) and Nio (NIO +0.6%) Tesla (TSLA +2.2%) is also higher with a break back over its 10-day moving average. That boost arrives even after Elon Musk warned on Twitter yesterday of more supply chain headaches. "Oh man, this year has been such a supply chain nightmare & it’s not over! I will provide an updated product roadmap on next earnings call," tweeted Musk. The earnings call will not be until late January or early February. Seeking Alpha author Paul Franke has a breakdown today on other Tesla insiders beyond Musk that are selling shares.

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Telsa, Li Auto and Nikola trade higher even as Omicron anxiety sweeps over market again