Nikola Corporation (NASDAQ:NKLA) shares are trading higher Monday, and the stock gained more than 10% during Friday's session. Here's a look at what's going on.
What To Know:
Electric vehicle stocks drove higher last week after several companies reported better-than-expected second-quarter vehicle delivery figures. Tesla, Inc. (NASDAQ:TSLA) stock rallied more than 30% last week, driving much of the action.
Nikola reported it wholesaled 72 Class 8 hydrogen fuel cells trucks in the second quarter, above the company's own estimate.
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"We have maintained our 2024 momentum with solid wholesale numbers, new customers such as ...