PCRFY - Tesla and other EV stocks soar as investors bet on shift away from Russian energy dependence

Electric vehicle stocks soared on Monday as investors weighed the possibility of Russia's attack on Ukraine speeding up the timeline for EV adoption in major nations. Notable gainers in the sector included Fuelcell Energy (FCEL +14.8%), Ballard Power Systems (BLDP +14.5%), Volta Inc. (VLTA +12.4%), Li Auto (LI +10.2%), Nio (NIO +10.0%), Beam Global (BEEM +9.5%), Lucid Group (LCID +9.5%), Arrival (ARVL +10.6%), Aeva Tehcnologies (AEVA +8.2%), Tesla (TSLA +7.9%), ChargePoint Holdings (CHPT +6.8%), Hyliion Holdings (HYLN +6.4%), Aurora (AUR +6.7%), Rivian Automotive (RIVN +7.2%), QuantimScape (QS +7.2%), Sono Group (SEV +5.5%) and Blink Charging (BLNK +4.6%). Investors seem to be betting that government investments in U.S. and Europe could be accelerated as part of a broader push to reduce reliance on Russia energy. The biggest gainer of all in the EV sector was Mullen Automotive (MULN +89.0%), which announced an update on its next-generation solid-state polymer battery technology that

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Tesla and other EV stocks soar as investors bet on shift away from Russian energy dependence