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Benzinga

Business

Henry Khederian

Why Ford, GM And Tesla Shares Are Rising Today

Tesla Inc. GM Ford NYSE Ford Motor Company General Motors Company

Shares of several companies in the auto & auto component sector, including Ford Motor Company (NYSE:F), General Motors Company (NYSE:GM) and Tesla Inc (NASDAQ:TSLA), are all trading higher amid overall market strength ahead of today's Fed decision. Stocks have been volatile in recent weeks as investors continue to monitor the Russia-Ukraine conflict and its impact on commodity prices.

Recent volatility in oil prices has also helped lift EV-related companies, after U.S. President Joe Biden last week announced a ban on Russian oil, natural gas and coal imports.

See Also: The Daily Biotech Pulse: Pfizer-BioNTech Apply For Authorization Of 3rd Booster Shot, Sanofi-Seagen Strike Cancer Therapy Pact, Iovance Gets Nod For Cancer Study

Ford is trading higher by 2.6% at $16.48.

GM is trading higher by 3.5% at $43.60.

Tesla is trading higher by 4.1% at $834.42.

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