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Why Electric Vehicle Stocks Canoo and Fisker Zoomed Higher Today

Eric Volkman, The Motley Fool
·2-min read
Why Electric Vehicle Stocks Canoo and Fisker Zoomed Higher Today

Shares of niche electric vehicle (EV) companies Canoo (NASDAQ: GOEV) and Fisker (NYSE: FSR) zoomed ahead on Tuesday. Canoo's share price motored ahead by 6.5% for the day and Fisker's gained nearly 9%, while the S&P 500 index sputtered to a 1.6% decline. The big carmaker reporting results was ever-influential General Motors (NYSE: GM), which notched a massive beat on the bottom line in the first quarter and raised its full-year guidance.

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