NKLA - Why Nikola Stock Jumped Today
Electric semi-truck start-up Nikola (NASDAQ: NKLA) released its third-quarter report Thursday, and there were several things in it that pleased investors. Among them, the report offered more clarity about the ramifications of a Securities and Exchange Commission (SEC) investigation into the alleged misbehavior of the company under former Chairman Trevor Milton.
As of 11:21 a.m. EDT, the stock had jumped by about 10.3%.
The company has yet to begin delivering its electric semi-trucks to buyers, and announced a $0.22 per share loss for the quarter. That was better than the expected loss of $0.28 per share expected by analysts. But investors were more focused on what the company had to say about its schedule for beginning truck deliveries and the potential resolution of the SEC investigation.
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Why Nikola Stock Jumped Today