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Why Nikola Stock Is Charging Higher Today

Why Nikola Stock Is Charging Higher Today

Shares of electric-truck start-up Nikola (NASDAQ: NKLA) opened higher on Wednesday, after a General Motors (NYSE: GM) executive praised the company and said that partnership negotiations are still underway. As of 10:30 a.m. EDT, Nikola's shares were up about 9.4% from Tuesday's closing price. In an interview with CNBC on Wednesday morning, GM president Mark Reuss said that his company is continuing to "work the opportunity" of a partnership with Nikola.