Shares of Tesla rose to start the week, putting the electric-vehicle maker’s shares among the S&P 500’s top advancers.
Tesla stock was recently up 2.2%, with the company on track to close with a market cap above $900 billion for the first time since September. The move follows the news that the company built its first Cybertruck, as well as price cuts from Ford on its Lightning electric pickup.
Ford’s shares were down 5%. Shares of some other EV companies, including Nikola and Rivian, fell in early trading Monday. Lucid Group stock rose more than 3%.
