Tesla stock rises after shares of the electric-vehicle maker tumbled following weaker-than-expected deliveries, Rivian surges as deliveries top estimates, and U.S. Steel declines as President Biden blocks the sale of the company to Japan’s Nippon Steel.

Key Takeaways U.S. equities were higher at midday, bouncing back from yesterday's selloff on optimism about growing demand for nuclear power and Tesla's recovery from its dip.The need for more and more electricity for artificial intelligence data centers drove up shares of Vistra,

They both turned in a solid year of electric-vehicle sales, growing faster than the overall U.S. EV market. Ford sold 30,176 all-electric cars in the fourth quarter, up about 16% year over. Mustang Mach-E sales led the way up 36%.

Rivian shares rallied Friday to one of their best days ever, continuing a strong stretch for the Tesla rival following the election and bucking conventional wisdom about what President-elect Donald Trump’s cold stance on electric vehicle subsidies may mean for Rivian stock.