Why Electric-Vehicle Blank-Check Stocks Are Getting Clobbered Today

Why Electric-Vehicle Blank-Check Stocks Are Getting Clobbered Today

DiamondPeak Holdings (NASDAQ: DPHC), which is preparing to merge with electric-pickup start-up Lordstown Motors, was down 13%. Graf Industrial (NYSE: GRAF), which will merge with sensor-maker Velodyne Lidar, was down 11.6%. Spartan Energy Acquisition (NYSE: SPAQ), which is on track to merge with electric-vehicle start-up Fisker, was down 5.6%.