Fisker Inc FSR, Nio Inc – ADR NIO and Nikola Corp NKLA are all seeing marked power throughout Friday’s session. Shares of EV-related and clear power car shares are buying and selling larger following a rumor suggesting the Public Funding Fund is getting ready to purchase out the rest of Lucid Group. The sector can be up following robust earnings from Tesla this week.

Our Benzinga crew on Friday reached out to each the Public Funding Fund and Lucid Group for touch upon the rumors.

See Additionally: Why Tesla Inventory Is Popping Off At the moment

Tesla Earnings Highlights, Recap

Tesla reported fourth-quarter complete car manufacturing of 439,701, up some 44% year-over-year. Fourth-quarter deliveries got here in at 405,278, up 31% year-over-year.

Tesla reported fourth-quarter income of $24.32 billion, which was up 37% year-over-year. The income complete beat a Road estimate of $24.16 billion, in response to knowledge from Benzinga Professional. 

Tesla reported fourth-quarter adjusted earnings per share of $1.19, which beat a Road estimate of $1.13.

The corporate mentioned the fourth quarter marked the very best income, working earnings and internet earnings in firm historical past…Learn Extra

• Fisker is buying and selling larger by 15.25% to $7.86
• Nio is larger by 5.46% to $12.84
• Nikola is larger by 8.69% to $2.75