EV stocks climbed in premarket trading, with Tesla rising over 2% and NIO rising over 3%.
A new rumour has surfaced that Tesla will complete a major milestone in the development of the Cybertruck by firing up the first 8,000 ton Giga Press. According to Tesla owner and investor Buttershrimp (@buttershrimp), that milestone will take place next month.
Nio planned to list in Singapore come amid increased regulatory scrutiny in Hong Kong, where it was previously said to be pursuing a listing.Nio had reportedly last year chosen Credit Suisse and Morgan Stanley to arrange its secondary listing in Hong Kong.The latest move could help Nio raise about $1.9 billion, assuming the company would sell up to 5% of its shares, the report noted, adding that there are chances Nio would not completely abandon plans for a Hong Kong listing.
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