Advertisement
Australia markets closed

  • ALL ORDS

    7,837.40
    -100.10 (-1.26%)
     

  • ASX 200

    7,575.90
    -107.10 (-1.39%)
     

  • AUD/USD

    0.6537
    +0.0014 (+0.21%)
     

  • OIL

    83.74
    +0.17 (+0.20%)
     

  • GOLD

    2,351.30
    +8.80 (+0.38%)
     

  • Bitcoin AUD

    97,838.26
    -1,015.59 (-1.03%)
     

  • CMC Crypto 200

    1,334.79
    -61.75 (-4.42%)
     

  • AUD/EUR

    0.6107
    +0.0033 (+0.55%)
     

  • AUD/NZD

    1.0993
    +0.0036 (+0.32%)
     

  • NZX 50

    11,805.09
    -141.34 (-1.18%)
     

  • NASDAQ

    17,741.14
    +310.63 (+1.78%)
     

  • FTSE

    8,139.83
    +60.97 (+0.75%)
     

  • Dow Jones

    38,289.98
    +204.18 (+0.54%)
     

  • DAX

    18,161.01
    +243.73 (+1.36%)
     

  • Hang Seng

    17,651.15
    +366.61 (+2.12%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

Why Lordstown Motors and Quantumscape Stocks Exploded Today

Neha Chamaria, The Motley Fool
·3-min read
Why Lordstown Motors and Quantumscape Stocks Exploded Today

The social media tailwinds pushed Canoo's shares up by 13.4% for the day, and apparently took several other EV stocks along for the ride, including the embattled truck maker Lordstown Motors and battery start-up Quantumscape. Lordstown Motors shares have been buzzing since late August when the company announced the hiring of new CEO Daniel Ninivaggi, who brings with him rich experience in the automotive industry. Investors hope that Ninivaggi can help turn the company's fortunes around and address some pressing concerns, such as the ongoing investigations into Lordstown for allegedly inflating production and demand numbers for its Endurance pickup.

Continue reading