Shares of electric vehicle manufacturer Lordstown Motors (NASDAQ: RIDE) jumped as much as 12.1% in trading on Wednesday after the company confirmed it's producing commercial vehicles. Yesterday, a spokesperson for Lordstown Motors confirmed the company has begun production on its Endurance pickup. It has helped that the market was rising quickly today, with the Nasdaq Composite up 2.1% and oil prices increasing 4.4% for the day.
A hydrogen deal in the Great White North and social media attention is powering interest in clean energy stocks.
EV-related stocks plunged today as the market shifted back to a risk-off mindset and long-term bond yields rose.