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EV stocks: Deliveries spike
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$Tesla (TSLA.US)$ shares rose more than 7% in Monday morning trading, driven by better-than-expected second-quarter delivery and production Show More
$Tesla (TSLA.US)$ shares rose more than 7% in Monday morning trading, driven by better-than-expected second-quarter delivery and production numbers. Tesla surpassed estimates by delivering over 20,000 more cars, totaling 466,140 vehicles for the second quarter of 2023. The stock of another EV maker, $Rivian Automotive (RIVN.US)$, also closed 17% higher after reporting 12,640 vehicle deliveries during the second quarter, a 59% increase from the previous quarter and topping analysts' expectations of 11,000 vehicles.
Across the ocean, shares of several Chinese EV brands also saw an upward trend as they reported stronger-than-expected delivery numbers.

Here are their year-on-year vehicle delivery growth rates:
- $LI AUTO-W (02015.HK)$150.12%
- $BYD COMPANY (01211.HK)$:108.99%
- $NIO-SW (09866.HK)$:-17.39%
- $XPENG-W (09868.HK)$:-43.64%


Do these numbers indicate a recovery in the EV market from the supply chain problem?
Or is it just a temporary upturn driven by price reductions?
Do you believe now is a good time to invest in the EV industry?
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