QuantumScape Corp (NYSE:QS) and ChargePoint Holdings Inc (NYSE:CHPT) are both seeing marked strength during Friday's session. Shares of EV-related and clean energy vehicle stocks are trading higher following a rumor suggesting the Public Investment Fund is preparing to buy out the remainder of Lucid Group Inc (NASDAQ:LCID). The sector is also up following strong earnings from Tesla Inc (NASDAQ:TSLA) this week.
Our Benzinga team on Friday reached out to both the Public Investment Fund and Lucid Group for comment on the rumors. A Lucid Group spokesman told Benzinga Friday the automaker does not comment on rumors or speculation.
See Also: Why Tesla Stock Is Popping Off Today
Tesla Earnings Highlights, Recap
Tesla reported fourth-quarter total vehicle production of 439,701, up some 44% year-over-year. Fourth-quarter deliveries came in at 405,278, up 31% year-over-year.
Tesla reported fourth-quarter revenue of $24.32 billion, which was up 37% year-over-year. The revenue total beat a Street estimate of $24.16 billion, according to data from Benzinga Pro.
Tesla reported fourth-quarter adjusted earnings per share of $1.19, which beat a Street estimate of $1.13.
The company said the fourth quarter marked the highest revenue, operating income and net income in company history...Read More
- QS is trading higher by 9.09% to $8.88
- CHPT is higher by 7.08% to $12.10
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