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Shanthi Rexaline

Electric Vehicle Stocks Rise As Tesla Prepares For Q3 Deliveries

electric vehicle Elon Musk Nasdaq NIO NYSE Tesla Inc.

Electric vehicle stocks ended mostly higher in the week that ended on Sept. 29, even as the broader market showed muted sentiment despite the oversold levels. Tesla, Inc. (NASDAQ:TSLA) stock bounced around its recent bottom and yet closed slightly higher for the week. PHOTO BY ALEXANDER SHATOV/UNSPLASH

Electric vehicle stocks ended mostly higher in the week that ended on Sept. 29, even as the broader market showed muted sentiment despite the oversold levels. Tesla, Inc. (NASDAQ:TSLA) stock bounced around its recent bottom and yet closed slightly higher for the week.

As Tesla prepares to release its third-quarter deliveries, sell-side made eleventh-hour adjustments to its estimates to discount production suspension at the Giga Shanghai and Giga Texas plants. The former plant was gearing up for the manufacturing of the Model 3 refresh and the latter for the Cybertruck.

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