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Why Nikola Stock Jumped Today

TheMotleyFool

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Nikola (NASDAQ: NKLA) shares jumped as much as 4.5% Monday morning. As of 2:22 p.m. ET, the stock was still higher by 3.5%. The move came as the company is making important progress in its bid to build its hydrogen-fueled heavy trucks and associated fueling network.

Over the weekend, The Wall Street Journal reported on recent developments in the company's hydrogen truck program. That came after Nikola itself released news last week that it received approval from the California Air Resources Board (CARB) for eligibility of major incentives for potential hydrogen truck buyers.

Image source: Nikola.

Source Fool.com

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