NIO, XPeng and Li Auto Deliveries Set a Record. That Can Help Tesla Stock, Too.

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Updated July 1, 2022 4:36 pm ET / Original July 1, 2022 7:13 am ET

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Investors in electric-vehicle stocks should breathe a sigh of relief on Friday.

Production and demand for electric vehicles in China rebounded in June after a Covid-19-induced lull. Deliveries in June at NIO (ticker: NIO ), Li Auto (LI), and XPeng (XPEV) looked strong. That had the American depositary receipts of the Chinese electric-vehicle makers rising initially to start the third quarter, although they closed in the red. Tesla (TSLA) stock rose Friday, however.

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