EMBK - Electric vehicle buzz: Lordstown soars comebacks for Rivian and Lucid
Lordstown Motors (NASDAQ:RIDE) soared 41.22% in Thursday morning trading to lead the electric vehicle sector after closing on its Foxconn deal. Shares of RIDE are roughly back to where they stood one week ago. Rivian Automotive (RIVN) is the second biggest gainer in the EV sector with a sudden 22.52% pop to take shares close to where they started the week. The electric vehicle maker had initially rattled investors with its Q1 earnings report and production update before the reversal. Earlier on Thursday, The Wall Street Journal reported that Rivian (RIVN) is recalling 502 pickup trucks over potentially faulty air bags that could pose a safety risk to children in the front seat. Lucid Group (LCID +12.2%), Hyon Motors (HYZN +11.1%), Embark Technologies (EMBK +11.1%), Nikola (NKLA +8.2%), GreenPower Motor Company (GP +10.0%) and Workhorse Group (WKHS +6.5%) also tracked back to retrace some of their weekly losses. Wallbox (WBX) shot up 7.94% after a
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Electric vehicle buzz: Lordstown soars, comebacks for Rivian and Lucid