EV stock roundup: Blink Charging and Hyzon Motors rally while startup names struggle
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The electric vehicle sector is mixed in early trading with investors scattering their bets.
The biggest sector gainers on the day are Blink Charging (BLNK
+2.9%) after striking a deal to supply EV chargers to GM car dealerships across North America and Hyzon Motors (HYZN
+2.8%) in a bit of a recovery from last week's tumble.

Tesla (NASDAQ:TSLA) is up 1.18% in early trading after CEO Elon Musk tweeted that he plans to visit the new gigafactory in Berlin next month. That tweet dispelled a rumor that he was heading to the site this month.
On Wall Street, Credit Suisse boosted its price target on Tesla (TSLA) to $1,025 from $830. "With Teslaâs demand exceeding supply likely for the foreseeable future, Teslaâs path of volume will be purely a function of its production; we expect Tesla to maintain EV leadership given its holistic approach on supply," updated the firm.
The EV stocks showing the largest drops in early trading are generally the newer startup names like Cenntro Electric Group (CENN
-6.6%), Electric Last Mile Solutions (ELMS
-4.6%), Embark (EMBK
-5.5%), TuSimple (TSP
-4.5%), Rivian Automotive (RIVN
-3.3%), Arrival (ARVL
-3.6%), Proterra (PRTA
-1.2%) and Lucid Group (LCID
-2.9%).
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