Electric Vehicle Stocks: Tesla, Rivian, and Aehr Test Systems Soar Today

In a day filled with optimism and investor enthusiasm, electric vehicle (EV) stocks Tesla (TSLA), Rivian (RIVN), and Aehr Test Systems (AEHR) rallied, driven by a mix of positive news, strong financial performances, and market sentiment. Let's dive into the specific catalysts that fueled these stocks' impressive gains.



1. Tesla (TSLA):
- The U.S. election results sparked a rally in Tesla stock, as investors believe that a Donald Trump presidency could have positive ramifications for Tesla's business. This includes the potential for reduced competition due to a reduction or elimination of EV tax credits, and the possibility of faster approval for Tesla's self-driving technology.
- Ford's investor meeting today outlined its plans to grow its EV business profitably, focusing on markets with less competition and unique offerings. This strategy is similar to Tesla's, and investors see Ford's confirmation of this business model as a positive for Tesla.



2. Rivian (RIVN):
- Rivian reported impressive delivery numbers for the fourth quarter of 2024, surpassing analysts' estimates. The company delivered 14,183 vehicles in Q4, exceeding the forecasted 13,500 units.
- For the full year, Rivian delivered a total of 51,579 vehicles, aligning with its forecast and surpassing the previous year's figure of 50,122.
- Rivian's stock price surged 24.45% to close at $16.49 after the announcement, marking its biggest single-day percentage gain since going public.



3. Aehr Test Systems (AEHR):
- Aehr Test Systems reported fiscal fourth-quarter financials that easily surpassed analysts' expectations. The company reported earnings of $0.84 per share on revenue of $16.6 million, surpassing Wall Street's consensus estimates of $0.10 in per-share earnings on sales of $15.4 million.
- Aehr Test Systems also forecast improving market conditions up ahead, expecting revenue of at least $70 million and a net profit before taxes of at least 10% of total revenue for fiscal 2025. This outlook surpassed Wall Street's expectations of $67.8 million in revenue.



In conclusion, today's rally in Tesla, Rivian, and Aehr Test Systems stocks reflects a combination of positive news, strong financial performances, and market sentiment. As the EV sector continues to evolve, investors will likely remain focused on these companies' delivery numbers, technological advancements, and regulatory changes that could impact their competitive landscape.