Why Nikola Stock Moved Higher Monday

Why Nikola Stock Moved Higher Monday
·2 min read

Shares of electric vehicle start-up Nikola (NASDAQ: NKLA) are down more than 80% from June 2020 highs after the company was called out for exaggerations and potential falsehoods about its business plans. Along with a letter of intent for sales of 100 trucks, the company revealed it continues to work to make hydrogen fuel a real potential growth engine for the truck maker. Nikola has released several items of interest for investors in recent weeks.

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