Why Nikola, Workhorse Group, and Lordstown Motors Stocks Jumped Today
Many start-up companies in the electric vehicle (EV) sector have encountered headwinds for their business plans -- and with investors -- in recent months. Today, however, investors in Nikola (NASDAQ: NKLA), Workhorse Group (NASDAQ: WKHS), and Lordstown Motors (NASDAQ: RIDE) are finding reasons to buy. As of 1:25 p.m. EDT on Wednesday, shares of the aspiring EV makers rose as follows:
There is no company-specific news today moving shares higher. But these companies have more in common than just being EV companies with business plans and no products ready for sale.
Nikola Two electric semi truck. Image source: Nikola.
Source Fool.com
