Why Nikola Stock Popped by Nearly 5% Today

Shares of specialty electric vehicle (EV) and alt-fuel auto maker Nikola (NASDAQ: NKLA) accelerated by 4.7% on Wednesday, blasting past both major stock indexes and many other EV titles. This followed some intriguing news on the legal front for the manufacturer of next-generation trucks.

Judge James Donato of the United States District Court for the Northern District of California issued a fresh order in a lawsuit Nikola filed in 2018 against fellow EV maker Tesla (NASDAQ: TSLA). The judge is allowing the case to go forward, after Nikola responded to an earlier ruling that the company show cause as to why it should continue.

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Source Fool.com