GOEV - EV stock roundup: Rivian races higher after bulls arrive SPAC names fall Tesla battles back

Lucid Group (NASDAQ:LCID) has pared it earlier loss and is now down 5.82% after the company disclosed a SEC probe early in the day. The company stated that the investigation appears to concern the SPAC business combination, as well as certain projections and statements. Fisker (FSR -0.5%), Faraday Future Intelligent Electric (FFIE -9.5%), Arrival (ARVL -2.4%) and Canoo (GOEV -4.0%) trade weak on the day, even though there is no indication of regulatory issues with them It may not be the last regulatory action of the year. "Ever since the statements made by Nikola's founder and former CEO resulted in three federal criminal fraud charges, new EV manufacturers were bound to face greater scrutiny," notes CFRA analyst Garrett Nelson on the development. Within the EV sector, Nikola (NKLA +5.6%) is currently working with regulators to settle a charge against founder Trevor Milton, while Lordstown Motors (RIDE +1.9%) is being probed

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EV stock roundup: Rivian races higher after bulls arrive, SPAC names fall, Tesla battles back