Most electric vehicle stocks rose in the week ending March 31, with the broader market strength primarily responsible for the upside. On the other hand, company-specific catalysts weighed down on some stocks, leading them to buck the uptrend.
Tesla Inc (NASDAQ: TSLA) shares are trading higher by 3.37% to $201.90 Friday morning. Strength may be related to the company's upcoming first-quarter deliveries report, which is expected Sunday.
On Friday, XPeng Inc (NYSE: XPEV) said it is upgrading its advanced driver assistance software and plans to make all its functions available to drivers across China by 2024.