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Why Has VectoIQ Acquisition Stock Jumped 130% Since May 1?

TheMotleyFool

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Why Has VectoIQ Acquisition Stock Jumped 130% Since May 1?

Shares of VectoIQ Acquisition (NASDAQ: VTIQ) have had a huge run since the beginning of May, rising over 130% through the market's close on May 13.

It's not hard to figure out why: VectoIQ, a special purpose acquisition company (or "SPAC") led by former General Motors (NYSE: GM) vice chairman Steve Girsky, is expected to complete a merger with privately held Nikola Motor in June -- and Nikola Motor is a leader in the race to build zero-emission semi trucks.