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Why Nikola Stock Popped Today

TheMotleyFool

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Shares of electric truck maker Nikola (NASDAQ: NKLA) have had an active week. The stock plunged almost 10% Tuesday, but is bouncing back today. As of 11:30 a.m. EDT, Nikola shares are up 8%.

One of Nikola's new Tre battery electric semitrucks was evaluated by freight industry news organization Freightwaves yesterday, and the test ride got positive reviews. With 32% of the public share float sold short, could the positive news contribute to Nikola becoming the next new meme stock?

Nikola Tre electric semitruck. Image source: Nikola.

Source Fool.com

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