Shares of EV stocks are trading lower in sympathy with Tesla, which fell after reporting mixed Q2 earnings.
Portfolio Pulse from Benzinga Newsdesk
Shares of EV stocks are trading lower in sympathy with Tesla, which fell after reporting mixed Q2 earnings.
July 24, 2024 | 2:38 pm
News sentiment analysis
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NEGATIVE IMPACT
Lucid Group's stock is trading lower in sympathy with Tesla's decline after mixed Q2 earnings.
Lucid Group, as an EV manufacturer, is affected by Tesla's performance due to market sentiment and sector correlation.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Li Auto's stock is trading lower in sympathy with Tesla's decline after mixed Q2 earnings.
Li Auto, as an EV manufacturer, is affected by Tesla's performance due to market sentiment and sector correlation.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
NIO's stock is trading lower in sympathy with Tesla's decline after mixed Q2 earnings.
NIO, as an EV manufacturer, is affected by Tesla's performance due to market sentiment and sector correlation.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Polestar Automotive's stock is trading lower in sympathy with Tesla's decline after mixed Q2 earnings.
Polestar Automotive, as an EV manufacturer, is affected by Tesla's performance due to market sentiment and sector correlation.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Tesla's mixed Q2 earnings report has led to a decline in its stock price, affecting other EV stocks.
Tesla's earnings report is a significant event for the company and the broader EV market. Mixed results have led to a negative market reaction.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
XPeng's stock is trading lower in sympathy with Tesla's decline after mixed Q2 earnings.
XPeng, as an EV manufacturer, is affected by Tesla's performance due to market sentiment and sector correlation.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50