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Why Nikola Popped Another 23% Today

TheMotleyFool

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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.

Yesterday, the hydrogen and electric vehicle start-up reiterated its strategy with an update on the key elements it sees to becoming a leader in zero-emissions transportation.

Image source: Nikola.

Source Fool.com

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