
Electric vehicles stocks have been emerging as a popular play with investors. And like other stocks, they will sometimes trade in sympathy with each other. (For those who don't know, a sympathy play is a trade or investment that can be made in order to capture similar exposure to a theme or sector.)
Investors and traders are interested in sympathy or peer plays as they create opportunities for potential gains when sector-wide news hits or news out of a specific company in a sector could move an entire group.