One EV-related exchange-traded fund just had its best week in nearly a year, and also outperformed in January – soaring 20.66%. The Global X Lithium & Battery Tech ETF was up nearly 8% last week – its best week since March 2022, according to CNBC analysis. It also marked the fund's fourth straight weekly gain. That's a turnaround from its roughly-30% loss in 2022.
Rivian shares are seen rising by 100% over the next 12 months on average, while Tesla has 13% upside, and Lucid has 18% potential upside, according to analysts. Lucid shares have already jumped over 70% so far this year. On Friday alone it surged 43% amid market speculation that Saudi's Public Investment Fund wanted to buy out the company. Bank of America in a Jan.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: