Nikola's (NASDAQ: NKLA) stock jumped 8% on Aug. 9 after the maker of electric semi trucks reported second-quarter results. Revenue surged 104% year over year to $31.3 million and exceeded analysts' estimates by $5.1 million.

It narrowed its adjusted net loss from $139.3 million to $124.5 million, or $2.67 per share, which also cleared the consensus forecast by $0.06. Those headline numbers suggest Nikola's business is stabilizing, but its stock remains more than 99% below its all-time high from four years ago. So, is it the right time to buy, sell, or hold this volatile EV stock?

Image source: Nikola.

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Source Fool.com