GOEV - Why MP Materials Canoo and Nikola Stocks All Just Popped
Shares of MP Materials (NYSE: MP) , a miner of rare earth elements, jumped 10.5% today at noon on the New York Stock Exchange after media reports surfaced regarding potential U.S. tariffs on imported rare earth magnets from China.
Simultaneously, the shares of Nikola Corporation (NASDAQ: NKLA) , a company that wants to build long-haul trucks powered by batteries and fuel cells, and Canoo (NASDAQ: GOEV) , an electric-vehicle (EV) start-up, also jumped up 4.5% and 28.6%, respectively. What's the connection?
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Why MP Materials, Canoo, and Nikola Stocks All Just Popped