Lordstown Follows Peers' Rush To Stock Market With SPAC Merger

Choosing the traditional IPO approach, Li Auto (LI) opened on July 30 at $15.50. The company designs, develops, manufactures, and sells premium smart electric SUVs, stating it was "the first to successfully commercialize extended-range electric vehicles in China."

PRICE ACTION

In late morning trading, shares of DiamondPeak Holdings have jumped 14%, to $11.67, while Nikola's stock has gained about 9%, to $32.67. Meanwhile, Tesla (TSLA) shares have jumped over 240% this year as investor enthusiasm for the EV space continues.

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