Why Electric-Vehicle Stocks Jumped Today

Why Electric-Vehicle Stocks Jumped Today

Electric-vehicle (EV) stocks had an explosive day on Tuesday, as shares moved higher across the board. The potential for lower interest rates has excited investors, and once again, the EV space is an obvious place to look for growth. Shares of Rivian (NASDAQ: RIVN) jumped as much as 7.5% in early trading, Nikola's (NASDAQ: NKLA) stock was up 6%, and Lordstown Motors (NASDAQ: RIDE) jumped 7.3%.