Some hot EV stocks rallied in morning trading.Tesla,Nio,Xpeng Motors, Li Auto,Lucid,Nikola and Lordstown climbed between 1% and 13%.
Wedbush expects Tesla have a strong 3Q deliveries on accelerating EV demand, Musk and Co could deliver 150k vehicles in September alone.
U.S. startup Lucid Group Inc said on Tuesday it will start delivering luxury electric sedans with a Tesla-beating driving range in late October.
Lucid Group is on track to meet its production targets for 2022 and 2023 and is pushing to achieve this year's goal of 577 vehicles, its chief executive said.