Why Nikola Surged Over 25% at One Point Today

The beaten-down electric and hydrogen truck maker exceeded second-quarter delivery targets. The rally was fueled by the company's disclosure of hydrogen truck deliveries for the second quarter, which greatly exceeded expectations. With Nikola's past problems and loss-making financials having beaten the stock down to very low levels, it's no wonder the good news sparked a reversal. In the second quarter, Nikola reported 72 HYLA Class 8 hydrogen-powered truck deliveries to wholesalers. That was well above the ...