It seems to be a good day for electric car manufacturers because they lead the rises in the local stock market.
With the majority of declines, there are exceptions this day that mark strong rises in the local stock market. What happens is that although there is a good day on Wall Street, the dollar counted with liquidation falls more than 3% and trades around $480.
This is how it stands out the strong rise of Coinbase with almost 10%. It should be noted that The exchange filed a court document arguing that the digital assets listed on its platform are not securities. and, therefore, would be outside the jurisdiction of the US Securities and Exchange Commission.
This day the Bittrex cryptocurrency exchange took a firm position in its legal dispute with the SEC and filed a motion to dismiss. Following in the footsteps of major cryptocurrency exchange Coinbase, Bittrex opted for a similar strategy.
Another strong rise corresponds to Tesla, with almost 5%. The electric car maker released the latest production and delivery figures for the second quarter that reflected that sales reached historical records.
The titles of the automaker in the development of electric and autonomous vehicles register a rise of 160% in 2023 on Wall Streetmaking it one of the best bets for investors this year.
Tesla completed the second quarter of 2023 with a total deliveries of 466,140 electric cars: 19,225 units distributed between the Model S and Model X, the most expensive versions, and 446,915 for the most accessible models, Model 3 and Model Y.
Tesla’s Chinese competitor NIO also presented its quarterly results and its Cedear rose up to 2.3%. It has not reported that it delivered 10,707 cars in June, compared to 6,155 cars in May. The company reported total deliveries of 23,520 for the second quarter, bringing cumulative deliveries to 344,117 through June 30.
Deliveries last month consisted of 4,324 sedans and 6,383 SUVs compared to deliveries of 3,759 sedans and 2,396 SUVs in May.
Source: Ambito
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