Tesla Reports Q2 Deliveries, Joins Rivian Automotive, Archer Aviation And Other Big Stocks Moving Higher On Tuesday

Author: Avi Kapoor | July 02, 2024 02:18pm

U.S. stocks were higher, with the Nasdaq Composite gaining around 100 points on Tuesday.

Shares of Tesla, Inc. (NASDAQ:TSLA) rose sharply in today's session after the company reported second-quarter production and delivery figures.

Texas-based Tesla reported second-quarter deliveries that declined from a year ago, although improving from the first quarter.

Tesla shares jumped 8.6% to $227.82 on Tuesday.

Here are some other big stocks recording gains in today’s session.

Wheels Up Experience Inc. (NYSE:UP) shares jumped 46.3% to $3.25 despite a lack of company announcements from the session. The company last week announced a new streamline product portfolio in connection with Delta Air Lines Inc (NYSE:DAL), a strategic partner of the on-demand private aviation company.
Lufax Holding Ltd (NYSE:LU) surged 16% to $2.82.
Nikola Corporation (NASDAQ:NKLA) gained 14% to $8.43. For the second quarter, Nikola, via the HYLA brand, wholesaled 72 Class 8 Nikola hydrogen fuel cell trucks, above the high end of truck sales guidance of 60 units.
Century Aluminum Company (NASDAQ:CENX) shares rose 12% to $18.67.
Archer Aviation Inc. (NYSE:ACHR) gained 10% to $3.7590 after the company announced it received an additional $55 million investment from Stellantis following its recent flight test milestone.
DouYu International Holdings Limited (NASDAQ:DOYU) rose 9.7% to $12.65.
Viasat, Inc. (NASDAQ:VSAT) gained 9.6% to $13.78.
Iris Energy Limited (NASDAQ:IREN) rose 8.7% to $13.72 after the company on Monday provided a business update and announced that the 2024 expansion was fully funded.
Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) gained 8.7% to $1.5550.
Rivian Automotive, Inc. (NASDAQ:RIVN) climbed 7.5% to $14.97 after the company released second-quarter production figures.