NKLA - Why is Nikola stock up today?

Nikola (NASDAQ:NKLA) ended the day with a 21.48% gain on volume of almost 45M shares. Shares of NKLA climbed over $15 for the first time since July with the rally. Some traders are pointing to positive comments made on the earnings call on capital as boosting sentiment. CFO Kim Brady: "If no additional capital is raised, and we do not issue additional purchase notices to Tumim, our anticipated cash balance will be approximately $340 million to $360 million. The total liquidity of the company is expected to be roughly $867 million to $887 million, including cash on hand plus the remaining $520 million equity line of credit." Earnings call transcript. Read a summary of the earnings highlights.

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Why is Nikola stock up today?