What to know in markets on Tuesday, January 31, 2023.
Here's a rundown of costs involved so you can make the best decision when buying an electric car.
Electric-vehicle (EV) stocks had an explosive day on Tuesday, as shares moved higher across the board. The potential for lower interest rates has excited investors, and once again, the EV space is an obvious place to look for growth. Shares of Rivian (NASDAQ: RIVN) jumped as much as 7.5% in early trading, Nikola's (NASDAQ: NKLA) stock was up 6%, and Lordstown Motors (NASDAQ: RIDE) jumped 7.3%.