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On Monday (December 22), the Bloomberg Electric Vehicle Price Return Index rose by 0.82%, closing at 3462.47 points, with significant gains in the Asia-Pacific early trading session—at 09:29 Beijing time, there was a gap-up rally, followed by high-level fluctuations. After the U.S. stock market opened, Tesla's stock price hit an intraday all-time high, approaching $500. Component stocks EVgo, Lucid Group, and Microvast Holdings (MVST) rose over 3%, leading the way, while Pony.ai increased by about 2.1%, and Tesla and Volvo rose over 1%, performing well. "Tesla's strong competitor" Rivian, Hesai Technology, and Plug Power fell over 3%
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