Electric vehicle stocks that have been witnessing volatility in recent sessions were seen moving higher in premarket trading Thursday.
Trio Of Catalysts Driving EV Rally: The broader market is moving up, with futures pointing to a higher open on Wall Street. S&P 500 futures are up close to 1%, Dow futures were 0.85% higher and the Nasdaq 100 futures were advancing 1.22%.
The positivity is premised on the back of indications that lawmakers may reach a deal to avoid a U.S. government default.
Related Link: Why This Analyst Thinks Tesla Stock Is Worth Far Less Than Its Current Valuation
The EV Price Action:
In premarket trading Thursday, Tesla shares were rising 0.89% to $789.70.
Nio was jumping 5.08% to $35.37.
XPeng, Inc. (NYSE:XPEV) shares were advancing 3.41% to $36.97.
Li Auto, Inc. (NASDAQ:LI) was moving 3.32% higher to $28.30.
Related Link: What This Analyst Likes About Q3 Deliveries Updates From XPeng and Nio
Photo: the XPeng P7 Wing.
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