EV Stocks Climbed up in Morning Trading; Nikola Jumped Over 6% While Tesla Rose Over 3%

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EV Stocks Climbed up in Morning Trading; Nikola Jumped Over 6% While Tesla Rose Over 3%

Tiger Newspress2023-08-10

EV stocks climbed up in morning trading; Nikola Corporation jumped over 6% while Tesla Motors rose over 3%.

Tesla Motors has issued a license to produce its NACS connector to Volex, a large UK-based power equipment manufacturer.

It took a while for Tesla to get the ball rolling after announcing that it is opening its connector to become the new charging standard in North America, but it has gotten some momentum with Ford, GM, Rivian, and a few other automakers announcing that they are adopting the standard.

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