Why Are EV Stocks LCID, RIVN, NIO Up Today?

Good news from Tesla (NASDAQ:TSLA) is sending many electric vehicle (EV) stocks up today. Indeed, the sector leader is surging on news that it has secured approval to start rolling out its full self-driving (FSD) technology in China. This news provided the boost that TSLA stock certainly needed after a difficult month. But the positivity today has also spread to many of Tesla’s peers, pushing up EV stocks across the board. Among today’s market winners are trendy startups Lucid (NASDAQ:LCID) and Rivian (NASD ...