Why Nikola Stock Popped Today but Then Dropped
Nikola (NASDAQ: NKLA) shares went on a wild ride Thursday, jumping 4.5% in the morning after the electric and hydrogen fuel cell truck maker sealed a deal. This morning, Nikola announced a deal with PGT Trucking, one of the nation's largest flatbed carriers. Nikola has signed a letter of intent to lease 100 of its Tre fuel cell trucks to PGT after a demonstration, the terms and timing of which are yet to be decided.