Why Tortoise Acquisition's Stock Was Up Today

Why Tortoise Acquisition's Stock Was Up Today

Shares of Tortoise Acquisition (NYSE: SHLL) were trading higher on Thursday. Intense investor interest in electric vehicles has powered shares of Tortoise, a special purpose acquisition company (SPAC) that is preparing to merge with electric-truck drivetrain maker Hyliion, to major gains over the last few weeks. As of 3:15 p.m. EDT, Tortoise's shares were up 9.6% from Wednesday's closing price.