EV maker stocks rise in face of Lordstown bankruptcy

The bankruptcy of electric vehicle maker Lordstown Motors Corp.
RIDE,
-14.70%
doesn’t appear to be scaring investors away from the stocks of other EV startups. Shares of Rivian Automotive Inc.
RIVN,
+2.34%
tacked on 0.8% in premarket trading Tuesday, Lucid Group Inc.
LCID,
+8.83%
climbed 5.1%, Nikola Corp.
NKLA,
-4.31%
gained 2.7% and Fisker Inc.
FSR,
+2.88%
advanced 1.0%., even as Lordstown shares plunged 61.3%. Though not a start up, EV giant Tesla Inc.’s stock
TSLA,
+3.26%
bounced 0.7%, after it slumped 6.1% on Monday to start an official “correction.” Meanwhile, China-based EV makers also saw their shares rise, with Nio Inc.’s stock
NIO,
+9.40%
up 2.9% ahead of Tuesday’s open and XPeng Inc.’s stock
XPEV,
+5.36%
up 1.3%. In comparison, futures
ES00,
+1.18%
for the S&P 500
SPX,
+1.19%
inched up 0.1%.