Electric vehicles stocks have been emerging as a popular play with investors. And like other stocks, they will sometimes trade in sympathy with each other. (For those who don't know, a sympathy play is a trade or investment that can be made in order to capture similar exposure to a theme or sector.)
Investors and traders are interested in sympathy or peer plays as they create opportunities for potential gains when sector-wide news hits or news out of a specific company in a sector could move an entire group.
For example, Riot Blockchain (NASDAQ:RIOT) stock moves almost simultaneously with Bitcoin (CRYPTO: BTC). If Bitcoin prices rise, Riot stock tends to rise as well.
Here are the electric vehicle stocks that could move when news in that space is announced:
Electric Vehicle Manufacturers:
Tesla Inc. (NASDAQ:TSLA)
Lucid Group Inc. (NASDAQ:LCID)
Fisker Inc. (NYSE:FSR)
Rivian Automotive Inc. (NASDAQ:RIVN)
Fleet Vehicle Manufacturers:
Workhorse Group Inc. (NASDAQ:WKHS)
Nikola Corp (NASDAQ:NKLA)
Hyliion Holdings Corp (NYSE:HYLN)
Lordstown Motors Corp (NASDAQ:RIDE)
Charging Infrastructure:
Blink Charging Co. (NASDAQ:BLNK)
Chargepoint Holdings Inc. (NYSE:CHPT)
Evgo Inc. (NASDAQ:EVGO)
Volta Inc. (NYSE:VLTA)
Overseas Manufacturers:
Nio Inc. - ADR (NYSE:NIO)
Xpeng Inc. - ADR (NYSE:XPEV)
Li Auto Inc. (NASDAQ:LI)
Kandi Technologies Group Inc. (NASDAQ:KNDI)
Alternative Vehicles:
Electrameccanica Vehicles Corp (NASDAQ:SOLO)
Arcimoto Inc. (NASDAQ:FUV)
Ayro Inc. (NASDAQ:AYRO)
Mastercraft Boat Holdings Inc (NASDAQ:MCFT)
Photo: Courtesy Fisker
