Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Nikola's Shares Popped 8.5% on Thursday

TheMotleyFool

0 0

Why Nikola's Shares Popped 8.5% on Thursday

Shares of Nikola (NASDAQ: NKLA) jumped by as much as 8.5% in trading Thursday morning, recouping some of the value they lost Wednesday. At 1:15 p.m. EDT, shares were up by about 5% for the day.

Nikola's shares fell Wednesday after investors found a number of reasons to be displeased with the company's earnings report. For some, it was the company's mere $36,000 in revenue; others were disappointed by a lack of new announcements about future vehicle production. But the reality is that little has changed for Nikola, which is still a pre-revenue start-up in the high-growth hydrogen-electric vehicle market.