Shares of Lordstown Motors (NASDAQ: RIDE) dipped 23.7% in June, according to data from S&P Global Market Intelligence. As of this writing, shares of Lordstown Motors are down 85.5% in the past year. There wasn't any big direct news that came from Lordstown Motors this month, but investors decided to sell off shares anyway.
U.S.-based EV stocks jumped in early trading today, including widely followed Rivian Automotive (NASDAQ: RIVN), struggling start-up Lordstown Motors (NASDAQ: RIDE), and heavy truck maker Nikola (NASDAQ: NKLA). Global auto giant Volkswagen announced it was selling a minority stake in its privately owned EV charging network Electrify America. Siemens, through its investment arm, is making a $450 million equity investment to help Electrify America grow its charging network in the U.S. and Canada.
Gatik CEO and co-founder Gautam Narang joins Yahoo Finance Live to discuss how the company is scaling its self-driving trucking business.