CHPT - Tesla leads electric vehicle sector higher

Investors continue to rush into electric vehicle stocks after President Biden's $2.3T infrastructure and stimulus plan included an investment of $174B in electric vehicles initiatives. Companies tied to EV charging are of special interest after the Biden Administration pushed for a national network. ChargePoint Holdings (CHPT) is up 8.58% in premarket action after gaining more than 11% on Friday, while Blink Charging (BLNK) is 4.46% higher premarket and is up more than 17% from the beginning of last week. Other EV movers: Lordstown Motors (RIDE) +1.89%, Canoo (GOEV) +2.59%, Hyliion Holdings (HYLN) +4.82%, Fisker (FSR) +2.45% and QuantumScape (QS) +2.25%. Tesla (TSLA) is up 7.40% premarket after a strong deliveries report and upgrade from Wedbush Securities.

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Tesla leads electric vehicle sector higher