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Why Lordstown Motors Stock Popped 12.1% Today

Why Lordstown Motors Stock Popped 12.1% Today

Shares of electric vehicle manufacturer Lordstown Motors (NASDAQ: RIDE) jumped as much as 12.1% in trading on Wednesday after the company confirmed it's producing commercial vehicles. Yesterday, a spokesperson for Lordstown Motors confirmed the company has begun production on its Endurance pickup. It has helped that the market was rising quickly today, with the Nasdaq Composite up 2.1% and oil prices increasing 4.4% for the day.