(Bloomberg) — Electric vehicle startups extended their winning streak on Friday, buoyed by strong earnings results from some of their peers and Joe Biden’s presidential win.ElectraMeccanica Vehicles Corp., Nikola Corp. and Lordstown Motors Corp. all surged higher, while Tesla Inc., the established front-runner in the space, sat out the rally. Nio Inc., whose shares rose sharply earlier in the day, eversed their gains to fall as much as 16%, after Citron Research said it was “time for investors to rotate out” of the stock.The strongest gains came from Vancouver-based ElectraMeccanica, which is developing a three-wheeled electric vehicle. Its shares have …read more
Source:: Yahoo Finance
