Why Canoo Stock Popped, but QuantumScape and Lucid Just Dropped
It's a mixed day for electric vehicle (EV) stock investors Tuesday, as shares of battery researcher QuantumScape (NYSE: QS) and luxury EV maker Lucid Group (NASDAQ: LCID) tumble 6.8% and 5.7%, respectively, through 12:05 p.m. ET. Meanwhile, EV start-up Canoo (NASDAQ: GOEV) is deftly maneuvering around the pileup, and tacking on a 2% gain -- not quite as impressive as Canoo's 19% run-up on Monday, but still a neat trick, considering.
Well, considering what Elon Musk just said about the state of America's electric grid.
And yes, I'm blaming Elon Musk for this one.
Source Fool.com
