Advertisement
UK markets open in 7 hours 37 minutes
  • NIKKEI 225

    38,835.10
    +599.03 (+1.57%)
     
  • HANG SENG

    18,479.37
    -98.93 (-0.53%)
     
  • CRUDE OIL

    78.35
    -0.03 (-0.04%)
     
  • GOLD FUTURES

    2,323.30
    -0.90 (-0.04%)
     
  • DOW

    38,884.26
    +31.99 (+0.08%)
     
  • Bitcoin GBP

    49,884.09
    -738.91 (-1.46%)
     
  • CMC Crypto 200

    1,295.20
    -69.93 (-5.13%)
     
  • NASDAQ Composite

    16,332.56
    -16.69 (-0.10%)
     
  • UK FTSE All Share

    4,522.99
    +53.90 (+1.21%)
     

Why Tesla and Rivian Soared, but Nikola Plunged, in May

Why Tesla and Rivian Soared, but Nikola Plunged, in May

May was a good month for growth and technology stocks. In fact, Tesla (NASDAQ: TSLA) and Rivian Automotive (NASDAQ: RIVN) far outpaced the index itself, soaring by 24.1% and 14.9%, respectively, according to data from S&P Global Market Intelligence. Investors have some specific, and serious, concerns with Nikola (NASDAQ: NKLA) -- maker of electric semi-trucks.