Why Nikola Popped Another 23% Today
Nikola (NASDAQ: NKLA) shares jumped 23% today, as of 11:25 a.m. EDT. Shares are still down 33% since short-seller Hindenburg Research released a report on Sept. 10 that triggered a chain of events that included the resignation of founder and executive chairman Trevor Milton. Shares have also been hindered recently as investors questioned whether its deal with General Motors (NYSE: GM), in which the automaker would help build the Badger electric pickup truck and supply Nikola with batteries and fuel cells, might be in danger of falling apart.
