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Why Electric Vehicle Stocks Canoo and Fisker Zoomed Higher Today

Eric Volkman, The Motley Fool
·2 min read
Why Electric Vehicle Stocks Canoo and Fisker Zoomed Higher Today

Shares of niche electric vehicle (EV) companies Canoo (NASDAQ: GOEV) and Fisker (NYSE: FSR) zoomed ahead on Tuesday. Canoo's share price motored ahead by 6.5% for the day and Fisker's gained nearly 9%, while the S&P 500 index sputtered to a 1.6% decline. The big carmaker reporting results was ever-influential General Motors (NYSE: GM), which notched a massive beat on the bottom line in the first quarter and raised its full-year guidance.

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