The company jumped following news that its second-quarter deliveries exceeded expectations, and the stock continued running. However, comments made by the Federal Reserve on July 11th suddenly created a new environment across the investing world.

Today, however, Tesla's stock jumped by as much as 7%, while Rivian and Lucid stocks are sinking. As of 1:15 p.m. ET, Tesla shares were up by 5%, Rivian was lower by 3.2%, and Lucid had plunged by 12.7%.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips The electric vehicle (EV) market has been one of the most dynamic new markets

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