Tesla Rises Ahead Of Crucial Q2 Deliveries, Rivian Affirms Goal After Volkswagen Deal, Nikola Ropes In Key Customer And More: Biggest EV Stories Of The Week

The electric-vehicle space saw a major deal this week, which, along with the broader market strength, imparted some buoyancy. However, stocks closed the week on a mixed note.Here are the key events t

BenzingaJun 29 09:48 ET

U.S. stocks closed with a thrilling increase in all three indexes, with most technology stocks rising. Amazon rose more than 2%, once again reaching a historic new high.

S&P 500 rose 0.09%, Dow Jones rose 0.09%, and Nasdaq rose 0.3%; chip stocks continued to decline, with Nvidia falling nearly 2%; Chinese concept stocks weakened, with Xiaopeng falling nearly 7% and JD.com falling more than 4%.

wallstreetcnJun 27 19:16 ET

Li Auto Inc (02015.HK) received BlackRock's shareholding of 2,605,600 shares.

On June 27, according to the latest equity disclosure information from the Stock Exchange, on June 21, 2024, Li Auto Inc-W (02015.HK) increased its shareholding by 2.6056 million shares at an average price of HKD 69.4538 per share through BlackRock, Inc., involving approximately HKD 181 million. After the increase, the latest number of shares held by BlackRock, Inc. is 90.5474 million shares, and the shareholding ratio has increased from 4.98% to 5.13%.

Gelonghui FinanceJun 26 19:19 ET

U.S. stocks close | S&P 500 rises for two consecutive days, Amazon up nearly 4%, with a market cap exceeding $2 trillion; shareholder meetings could not reverse the decline, and Nvidia barely closed up.

The Dow Jones Industrial Average closed slightly higher, still hovering near its weekly low, while the seven sisters of American technology stocks rose together, with Tesla up nearly 5%; Micron's financial report is bullish but the guidance is not enough to surprise, and it fell more than 9% after hours; China concept stocks index is hovering near a ten-week low, with NIO Inc. up more than 6%.

wallstreetcnJun 26 19:13 ET

Li Auto Inc-W (02015) surged more than 4% in Hong Kong stock market. Last week's sales increased by more than 11% compared to the previous week. Institutions are bullish on the continuing growth of monthly payment volume.

According to the news from the Wise Wealth APP, Li Auto Inc-W (02015) is currently up more than 4%, with a turnover of HKD 195 million and an increase of 3.69% to HKD 73.05 per share at the time of publication. On the news front, Li Auto Inc recently released sales data for the 25th week of 2024. The weekly sales of autos reached about 11,700 units, an increase of 11.4% MoM and the 9th consecutive week in which the brand ranks as the top brand in the "Market New Forces" category in China. PuSheng International believes that the sales of extended-range models are performing well, and the L9876 will continue to drive the monthly delivery volume of Li Auto Inc. After the first quarter report, Li confirms that the pure electric S….

Zhitong FinanceJun 25 22:17 ET

US stocks closed with the S&P 500 ending a three-day losing streak, while chip stocks made a strong comeback, with Nvidia rising nearly 7%. After hours, Volkswagen's investment in Rivian caused a 46% increase in the stock price.

The Dow Jones Industrial Average fell, ending a five-day streak of gains; growth tech stocks rose together, with Google A rising nearly 2.7% to a new all-time high; the China concept stocks index fell 1.3%, and Bilibili fell nearly 3%.

wallstreetcnJun 25 19:04 ET