GOEV - Tesla leads big day of recovery for electric vehicle stocks

The rally is electric vehicles stocks is intensifying today as a number of Wall Street firms came out with strong defenses along with some new initiations. Strong EV sales reported out of China and more murmurings of EV legislation in D.C. are also providing tailwinds today. Notable gainers include Niu Technologies ([[NIU]] +21.9%), Electrameccanica Vehicles ([[SOLO]] +19.1%), Nio ([[NIO]] +18.2%), XPeng ([[XPEV]] +13.3%), GreenPower Motor ([[GP]] +12.5%), Canoo ([[GOEV]] +10.1%), Churchill Capital IV ([[CCIV]] +10.0%), Ayro ([[AYRO]] +9.2%), Nikola ([[NKLA]] +9.3%), Li Auto ([[LI]] +10.7%), Kandi Technologies ([[KNDI]] +8.8%), Lordstown Motors ([[RIDE]] +7.1%), Romeo Power ([[RMO]] +21.5%), XL Fleet ([[XL]] +12.1%), Fisker ([[FSR]] +3.2%), QuantumScape ([[QS]] +13.0%) and Hyliion Holdings ([[HYLN]] +8.9%). The EV mother ship is leading the rally today. Tesla (TSLA) is 19.15% higher and still has an ARK Invest webinar upcoming shortly to launch new discussion. EV bullish calls today of note: CHPT, RMO, BLNK, QS.

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Tesla leads big day of recovery for electric vehicle stocks