HomeLifestyleVehiclesNIO, TSLA, XPEV: EV Stocks Suspend Production Due To COVID-Related Restrictions
NIO, TSLA, XPEV: EV Stocks Suspend Production Due To COVID-Related Restrictions

Electric vehicle stocks such as Nio Inc. (NIO), Tesla (TSLA), and XPeng (XPEV) are today’s focus of FOMO. Alex Coffey and Jenny Horne discuss how supply shortages, input costs rising, and Covid lockdowns, especially in China are affecting EV stocks. They also talk about how NIO suspends productions due to covid-related restrictions. They then go over how TSLA’s China-made sales grew to 65,814 units in March and XPEV delivers are up 202% year-over-year. They then demonstrate an example trade using TSLA. Tune in to find out more.

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