Why Lucid and Rivian Stocks Rose Briefly and Tesla Topped $1 Trillion Again on Friday

Friday is looking like it's going to be a busy day for investors in electric vehicles, with Rivian Automotive (NASDAQ: RIVN) and Lucid Group (NASDAQ: LCID) both having reported earnings last night, and Tesla (NASDAQ: TSLA) stock reacting to the news from its rivals.Earlier today, Lucid stock was up 6%, though around noon ET it was negative on the day. Similarly, Rivian was up 4.8% earlier but had dipped down to a 0.80% gain. Surprisingly, Tesla stock -- the only one of the three that did not report earnings last night -- was up 6.7% as its market cap crossed the $1 trillion mark for the first time since 2022.Perhaps Rivian's intraday pullback shouldn't be such a surprise, given how badly the company performed in the quarter.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool