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Tesla's GM deal, Nio earnings, Corning upgrade: Top tickers

Yahoo Finance

Tesla shares trade higher after the company announced its EV charging partnership with GM. Nio's reported mixed Q1 earnings results. Corning stock gets upgraded to "overweight" by Morgan Stanley. Yahoo Finance Live breaks down some of the top tickers of the day.

Video transcript

- So, let's take a look at what has been moving since the open. Tesla is one of the biggest movers today, trading higher after GM announced Thursday it is joining forces with the EV leader to leverage its supercharger network. The announcement coming two weeks after Ford announced a similar partnership to enable access for Ford vehicles to Tesla's charging network. Tesla shares up for the 11th straight session, Brad.

- We're also watching shares of NIO. The Chinese electric vehicle maker reporting mixed first quarter results. Revenue came in lower than analysts expectation, but June's delivery figures a little bit of a silver lining there. The company expects to deliver $10,000 to 12,000 vehicles in June. That's significantly higher than May.

- And Corning, the glass and ceramics and fiber manufacturer, jumping this morning after Morgan Stanley upgraded the stock from equal weight to overweight, raising its price target from 35 bucks to 38. And the analyst there saying there is scope for positive earnings revision over the coming year that is behind that upgrade.