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Stock impact report

Why Electric Vehicle and Affiliated Stocks Zoomed Higher Today [Yahoo! Finance]

FREYR Battery, Inc. (FREY) 
Company Research Source: Yahoo! Finance
While they didn't exactly skyrocket in price, many enjoyed palpable gains on the day to enrich their investors slightly. Next-generation power pack developer Freyr Battery (NYSE: FREY) was one of them, closing the day an even 10% higher. Rising at nearly a similar percentage rate was rare earth materials specialist MP Materials (NYSE: MP) , while Chinese EV manufacturer Li Auto (NASDAQ: LI) booked an almost 5% gain. Hailing the latest development in the world of EVs The trend-bucking incident occurred late Friday afternoon, with a post on X (formerly Twitter) composed of an extremely short sentence. Tesla CEO Elon Musk wrote in a post on his feed that the company would "unveil" a robotaxi this coming Aug. 8. Musk is, almost unquestionably, the single-most influential figure in the EV world, so his pronouncements -- no matter how offbeat -- can carry a great deal of weight. This particular one excited investors, as Tesla's apparent dive into the robotaxi segment will immediatel Show less Read more
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