Why Velodyne Lidar Stock Popped Today
Shares of several electric vehicle stocks surged yesterday on various items of news that ended up driving Tesla's market cap over $1 trillion for the first time. Today, some of that excitement has shifted to autonomous vehicle names, including Velodyne Lidar (NASDAQ: VLDR). The stock jumped almost 18% at session highs, and remained 10.2% higher as of noon EDT.