2023-10-17 14:40:01
Why Are EV Stocks Up Today?
InvestorPlace
By Joel BagloleSeveral electric vehicle (EV) stocks are bouncing higher today on a slew of news out of the Paris Motor Show.
Stocks of companies such as Rivian Automotive (NASDAQ:RIVN), Lucid Group (NASDAQ:LCID), and Fisker (NYSE:FSR) are each up more than 3% today on reports of electric vehicle advances coming out of the Paris Motor Show.
The stocks are also getting a boost from news that Nikola (NASDAQ:NKLA) is closing its $144 million acquisition of battery-pack maker Romeo Power (NYSE:RMO).
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What Happened
The big news out of the Paris Motor Show over the weekend includes Fisker planning for more production of its electric vehicles in the U.S., and Dutch automaker Stellantis (NYSE:STLA) unveiling a brand new electric Jeep.
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