Why Nikola Stock Is Surging Today

Shares of electric truck start-up Nikola (NASDAQ: NKLA) were sharply higher on Tuesday morning, after the company announced that auto giant General Motors (NYSE: GM) is taking a $2 billion stake and will build its Badger electric pickup truck.

As of 10:30 a.m. EDT, Nikola's shares were up about 38.5% from Friday's closing price.

This is a huge deal for Nikola, which just checked off a whole bunch of boxes on its go-to-market to-do list. Here are the key points.

Source Fool.com