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EV Stocks Continue to Hog the Limelight

Story Highlights

Major EV names including, Tesla, and XPeng are in the spotlight as new vehicle deliveries, M&A, and product recall keep the sector busy.

EV Stocks Continue to Hog the Limelight

Despite a challenging macro environment and even as other sectors are undertaking mega job cuts, EV makers seem to be in the spotlight for the right reasons (not always though).

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Tesla (TSLA) is finally set to deliver the first semi-truck today. The development comes after years of waiting. The semi-truck was first unveiled in 2017.

At the same time, the company is also fixing a glitch in about 435,000 vehicles in China via a software update.

Mullen Automotive (MULN) is up nearly 12% today after the company closed its $105 million acquisition of Electric Last Mile Solutions.

Finally, XPeng (XPEV) is down nearly 9.3% after its vehicle deliveries in November came in nearly 63% lower as compared to the year-ago period.

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