Hyperdrive
Rivian and Lucid Rise in Late Trading as Tesla Tops Expectations
- Rivian is up 1.6% after hours, while Lucid rises 0.6%
- Tesla has outperformed all EV startups so far this year
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Electric-vehicle startups that have struggled this year got a much needed boost from Tesla Inc.’s first-quarter earnings beat.
Rivian Automotive Inc. climbed 1.6% in after-hours trading Wednesday, while Lucid Group Inc. rose 0.6%. Other EV stocks including Nikola Corp., Workhorse Group Inc. and Fisker Inc. also ticked higher. Tesla shares jumped as much as 5.2%.