Tesla Stock Rises; Ford shares his downfall

Shares of Tesla rose to start the week, putting shares of the electric vehicle maker among the top performers in the S&P 500 in morning trading.

Tesla stock recently rose 1.7%. The move follows news that the company has built its first Cybertruck, as well as Ford’s price cuts on its Lightning electric pickup. Ford shares fell 4.8%.

Shares of some other electric vehicle companies, including Nikola and Rivian, fell in early trading Monday. Lucid Group’s stock rose slightly.

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