Tesla shares are headed for their best one-day percentage gain since March after the electric-vehicle maker posted record quarterly sales.
Tesla’s stock (TSLA) rose 7%, boosting shares of other electric-vehicle makers alongside it. Rivian Automotive climbed over 12%, putting it on track for its largest percentage increase since November. Lucid Group gained nearly 5%.
Chinese EV makers also rose. Shares of BYD rose 4.5% in Hong Kong after the Berkshire Hathaway-backed company reported that June sales nearly doubled from the year before. U.S.-traded shares of Chinese EV makers NIO, Li Auto and XPeng also all rose.
