Chinese EV makers NIO Inc. (NIO), Li Auto (LI), and XPeng Motors (XPEV) are seeing a bump higher in their stocks this morning after all three reported strong delivery numbers. The Morning Brief team weighs the impacts US tariffs and competition with Tesla (TSLA) are having on the overseas auto makers. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
The electric-vehicle maker will post figures this week. Wall Street expects a fall in the number of cars delivered.
Tesla stock is in a buy zone as investors await the EV giant's report Tuesday on second-quarter global vehicle deliveries.