How This Tesla-Killer Hopeful Stayed Under the Stock Market's Radar So Long
Investors have been excited about electric vehicles for a long time, as the success of Tesla (NASDAQ: TSLA) can attest. Ever since Tesla's stratospheric rise, car enthusiasts and investors alike have hoped to find other companies that could give the Elon Musk-led EV pioneer a run for its money. Now, that stock appears to be here -- even though it eluded most U.S. investors for years. We'll talk about that stock more below and why it's doing so well on Thursday.
The stock market was mixed on Thursday, with market participants trying to sort through conflicting trends. On one hand, many on Wall Street believe that the 2020 elections couldn't have gone better, with the likelihood of divided government continuing in Washington. Yet a big rise in COVID-19 case counts points to the possibility of renewed efforts to stem the spread of the disease, including potential lockdowns and other restraints on economic activity.
Just before 11:30 a.m. EST, the Dow Jones Industrial Average (DJINDICES: ^DJI) was down 124 points to 29,274. The S&P 500 (SNPINDEX: ^GSPC) lost 11 points to 3,561, but the Nasdaq Composite (NASDAQINDEX: ^IXIC) managed to post a 4-point rise to 11,790.
Source Fool.com
