Why Nikola Stock Jumped Again Today

Nikola (NASDAQ: NKLA) stock is continuing on its recent win streak Wednesday having gained almost 10% in the last five trading days. Today, Nikola shares jumped as much as 5.8% before trimming those gains to 3.3% as of 3:05 p.m. EDT. 

The electric semi truck start-up plans to launch its first battery electric vehicle in the next several months, to be followed by hydrogen fuel cell vehicles. The company has been growing its national dealer network in anticipation of the launches, and announced another new partnership today. 

Nikola Tre battery electric truck. Image source: Nikola.

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Source Fool.com