The shares of electric vehicle (EV) were on Thursday, including Rural (Nasdaq: rivn) Ev -related energy makers wolf (New York: Wolf) and Semi -independent conductors (NASDAQ: Indi). These shares increased by 5.7 %, 14.9 %, and 5.1 %, respectively, as of 1:30 pm East time.
There was no news for the company for these three stocks today. This means that investors were likely to interact with the positive additional news of EVS in general. In addition, given the extent of overcoming these shares, the “least bad” news may have been sufficient to generate them Short coverage.
While each of these stocks is witnessing a big step today, the three were severely beaten. The semi -independent conductors decreased by 78 % of their highest levels ever, but Rivian and Wolfspeed decreased by 93 % and 96 %, respectively. Meanwhile, the short interest in each of these stocks is relatively high: the short benefit of the Celsius as a percentage of the existing stocks is 14 %, and the fragmentation of Wolfspeed and the short Indie about 25 %.
The three companies are currently losing money while investing in an attempt to obtain their future share. Rural It tries to expand their manufacturing factories and their best technology competitors, which is costly. Wolfspeed has invested huge sums of money in silicon cabin production factories in the United States, but so far they have little revenues to show them. Indie is a small inventory of load that produces both sensors and power flakes for independence and electricity.
However, with the extreme slowdown for the past year in electric car sales, all three are witnessing a full demand for their products after making significant investments. The slowdown in demand has been especially painful because every share must invest the capital in the foreground, but it does not receive much revenue from these investments yet.
It was not clear exactly why the arrows exposed to EV moved today. The rise can be linked to a media story published today that the Ministry of Foreign Affairs was planning to buy 400 armored electric cars to transport diplomats and other high -ranking officials. The story is likely to be borne because it was initially reported that the contract will go to Timing (Nasdaq: tsla) Cyberrtruck. Given the involvement of CEO Elon Musk in the Trump administration, the story shed light on a major conflict of interests.
An official in the department later explained that in December, the Ministry of Foreign Affairs issued a request to obtain information from private companies about building the armored EV and that only one company had responded, most likely Tesla. Then the official continued, saying that the next step will be an official request for manufacturers to provide bids in the project. However, the seam is currently suspended.