The Nasdaq jumped over 2% thanks to Nvidia’s rally, U.S. stock markets surged, and electric vehicle stocks saw broad gains.
Yesterday, on the New York Stock Exchange, Tesla’s stock increased by 0.87%, Rivian’s increased by 5.29%, Lucid’s soared by 12.75%, and Nikola’s rose by 4.87%.
Tesla’s stock closed at $228.13, reflecting the 0.87% gain. There were no significant news or developments related to Tesla on that day.
Nvidia’s impressive performance appeared to boost Tesla, helping it end the day slightly higher.
Nvidia’s stock jumped over 8% after Nvidea CEO Jensen Huang spoke at a tech forum and expressed strong optimism about the future of artificial intelligence (AI).
Nvidia’s rally helped drive the broader tech stock surge, propelling the Nasdaq up by 2.17% and lifting all three major U.S. indices.
While Tesla saw only a modest rise, other EV stocks experienced substantial gains. Notably, Lucid’s stock surged nearly 13% following the launch of a new vehicle.
Lucid’s stock surged 12.75% on the New York Stock Exchange to $3.98 from the previous trading day.
Lucid unveiled its next-generation SUV, the Gravity, with a starting price of $80,000. This new model has generated significant market interest, and Lucid hopes it will help It address its financial challenges.
Other EV stocks also saw notable increases, with Rivian’s shares climbing 5.29% to $13.93 and Nikola’s rising 4.87% to $5.38.
