Why Tesla And Lordstown Motors Are Trading Higher Today

Shares of several EV stocks including Tesla, Inc. TSLA and Lordstown Motors Corp. RIDE are trading higher on optimism the sector will benefit from the U.S. infrastructure bill.

Tesla designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally.

Tesla's stock was trading about 2.4% higher at $688.09 per share at the time of publication. The stock has a 52-week high of $900.40 and a 52-week low of $189.70.

Lordstown Motors operates as an original equipment manufacturer of light-duty fleet vehicles. It develops, manufactures, and sells Endurance, an electric full-size pickup truck targeted for sale to fleet customers.

Lordstown's stock was trading about 6% higher at $11.66 per share at the time of publication. The stock has a 52-week high of $31.80 and a 52-week low of $6.69.