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Benzinga
Benzinga
World
Adam Eckert

Why Tesla, Nio And Rivian Shares Surged Today

Shares of EV and clean energy vehicle companies, including Tesla Inc (NASDAQ:TSLA), NIO Inc (NYSE:NIO) and Rivian Automotive Inc (NASDAQ:RIVN), traded higher Monday amid an increase in oil prices and pressure on some countries to become less dependent on Russian energy.

Oil prices have been rising in the wake of Russia's invasion of Ukraine, as Russia is a major global oil producer.

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