Why Nikola Stock Is Higher Today
Shares of electric-truck start-up Nikola (NASDAQ: NKLA) were sharply higher on Tuesday afternoon. While the company itself had no news to report, the stock may have been moving up on growing optimism about Nikola's stalled partnership with General Motors (NYSE: GM). As of 2:30 p.m. EST, Nikola's shares were up about 16.6% from Monday's closing price.