Why Electric Vehicle Stocks Tesla, Rivian, and Aehr Test Systems Rallied Today
Shares of electric vehicle makers Tesla (TSLA 6.39%), Rivian (RIVN 3.90%), and Aehr Test Systems (AEHR 14.58%) rallied on Wednesday, up 5.2%, 4.7%, and 15.8%, respectively, as of 11:30 a.m. ET.There wasn't much company-specific news today, so the across-the-board rally likely had to do with today's important inflation report.CPI runs hot, but the important "core" CPI coolsInflation is a critical factor in demand for autos, as a car is a large-ticket item that is often financed by customers. But interest rat ...