EV & EV-Adjacent Shares On The Move To Continue Monday's Success

By: Dylan Sikes – AllPennyStocks.com News

Tuesday, May 14, 2024

A California-based vehicle-tech company is on the move so far during Tuesday’s premarket following yesterday’s rally off of President Biden’s indication that tariff increases on Chinese EVs will likely occur at some point.

Whether or not this has an immediate impact on related equities, it’s clear that traders are making the assumption that it’ll boost certain U.S. companies’ prospects as shares of many EV and EV-adjacent companies are on the move.

Traders are particularly interested in shares of Faraday Future Intelligent Electric Inc. (Nasdaq:FFIE) as they’re currently willing to buy shares at $0.0908/share (+48.85% implied open for sellers) at the time of writing. It should be an exciting session for this micro cap!

Faraday Future Intelligent Electric Inc is a global shared intelligent mobility ecosystem. It is poised to break the boundaries between the Internet, IT, creative, and auto industries with product and service offerings that integrate new energy, AI, Internet, and sharing models. FF 91 is its first production vehicle and flagship model.

Copyright © 2024 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.