US Stock Movement | New energy vehicle stocks rise, Tesla up over 3.8%

On Monday, new energy vehicle stocks rose. As of the time of publication, Tesla was up over 3.8%, XPeng was up over 3.3%, Nio was up 0.74%, and Li Auto was up 0.65%. In terms of news, Tesla released a teaser video on social media platform X, hinting at an important press conference on October 7, which the market generally expects to be related to affordable electric vehicles. Media reports indicate that the production cost of the new vehicle will be about 20% lower than that of the Model Y, seen as a key strategy to stimulate sales and expand the market. With the $7,500 federal subsidy expiring and demand potentially slowing, Tesla urgently needs to maintain growth with low-cost models