Why Nikola Surged Over 25% at One Point Today
Nikola(NKLA) The Motley Fool·2024-07-03 01:57
The beaten-down electric and hydrogen truck maker exceeded second-quarter delivery targets.Shares of electric and hydrogen-fueled truck maker Nikola (NKLA 13.52%) rallied over 26% at one point today, before settling into a 16% gain as of 1:13 p.m. ET.The rally was fueled by the company's disclosure of hydrogen truck deliveries for the second quarter, which greatly exceeded expectations. With Nikola's past problems and loss-making financials having beaten the stock down to very low levels, it's no wonder the ...