Tesla, Apple, Atlis Motor, KB Home, Fisker: Why These 5 Stocks Are Drawing Investors' Attention Today

Zinger Key Points
  • Tesla is reportedly close to a preliminary deal to set up a factory in Indonesia.
  • Apple is reportedly planning to commence using its own custom displays in mobile devices as early as 2024.
  • Atlis shares closed 276.12% higher following news it reached 2 GW-hours worth battery capacity in form of customer demand.

Major Wall Street indices closed in the green on Wednesday as optimism over a decline in inflation gained momentum ahead of the release of consumer price index data on Thursday. The Nasdaq Composite closed 1.76% higher while the Dow Jones ended Wednesday's session up 0.8%. The S&P 500 gained 1.28%. Meanwhile, here are the five stocks that are drawing investors’ attention:

1. Tesla Inc TSLA: Shares of Tesla ended 3.68% higher. The company is close to a preliminary deal to set up a factory in Indonesia, reported Bloomberg, citing people familiar with the matter. The plant would manufacture as many as 1 million cars a year, the report said. The discussions included plans around multiple facilities that would serve different functions across production and supply chains, it said.

Also Read: Everything You Need To Know About Tesla Stock

2. Apple Inc AAPL: Shares of Apple ended 2.11% higher on Wednesday. The company is reportedly planning to start making its own custom displays on its smartwatches and iPhone screens from next year.

3. Atlis Motor Vehicles Inc AMV: Shares of the company closed 276.12% higher on Wednesday following news it reached 2 gigawatt-hours worth of battery capacity in the form of customer demand.

4. KB Home KBH: Shares of the company closed 3.13% higher but lost 2.89% in extended trading. KB Home said fourth-quarter revenue climbed 16% year-over-year to $1.94 billion, which missed average analyst estimates of $1.98 billion, according to data from Benzinga Pro. The U.S. homebuilder reported quarterly earnings of $2.47 per share, which missed estimates of $2.87 per share.

5. Fisker Inc FSR: Shares of Fisker ended Wednesday’s session 6.65% higher, in line with the stock price movement of companies in the auto and auto component space ahead of Thursday's inflation and jobless claims data release.

Read Next: Airline Stocks Are Rallying In 2023, Even With Travel Chaos: What Happens Next?


Market News and Data brought to you by Benzinga APIs
Posted In: NewsTop StoriesMarketsMediaelectric vehiclesEV BatteryhomebuilderiPhone
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!