Electric Vehicle stocks rose on news of robotaxi unveiling and licensing for autonomous vehicles

From Nasdaq: 2024-04-08 18:44:09

EV and related stocks saw gains in the market on Monday, with companies like Freyr Battery, MP Materials, and Li Auto rising in value. Tesla CEO Elon Musk hinted at a robotaxi unveiling on Aug. 8, sparking excitement in the EV industry. Didi Global and GAC Aion also obtained a license to mass-produce autonomous robotaxis in China, potentially bringing in significant profits.

Investors are optimistic about higher profit margins for robotaxis, as Tesla shifts focus away from a lower-priced Model 2. Before investing in FREYR Battery, consider expert recommendations for the 10 best stocks with potential for big returns. The Motley Fool Stock Advisor service has a strong track record of outperforming the S&P 500 since 2002, offering valuable insights and stock recommendations for investors.

Disclaimer: The author of the article does not have positions in the mentioned stocks, but The Motley Fool has positions in and recommends Tesla and MP Materials. These views and opinions are personal and may differ from Nasdaq, Inc.’s perspectives.



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