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Why Shares of Li Auto, Lucid Group, and Fisker Jumped Today
FSRFisker (FSR) The Motley Fool·2024-02-07 02:36

Tuesday is shaping up to be a good day to own electric vehicle (EV) stocks, as good news for China's Li Auto (LI 8.32%) helped to lift shares of heavily shorted American EV stocks Fisker (FSR 6.22%) and Lucid Group (LCID 6.37%).Despite falling vehicle prices and well-publicized problems with EV demand around the world, Deutsche Bank announced it is upgrading Li Auto stock to a buy today, assigning a $41 price target that implies the shares could rise 34% this year.Li Auto stock was up 9.3% at 11:15 a.m. tod ...