US stocks turned higher during a choppy session Friday, as equities struggled for direction after their worst start to the year in decades.
Shares of Nio (NYSE: NIO), a Chinese electric vehicle company, rose in early trading this morning after it reported strong vehicle deliveries both in June and the most recent quarter. The EV stock was down by 3.4% as of 2:12 p.m. ET. The good news for Nio shareholders today was the fact that the company delivered 12,961 vehicles in June, an impressive 60% increase from the year-ago quarter.
Shares of Tesla (NASDAQ: TSLA) popped almost 3% at the open Friday. Tesla stock has been under pressure the past few months, dropping nearly 40% over that time. After analysts slashed expectations for Tesla's second-quarter deliveries, this may set the company up to outperform.