Reported 9 months ago
Shares of Nikola, an electric heavy truck maker, surged as much as 16% in early trading due to positive news in the EV sector, including a large investment in fellow EV maker Rivian by Volkswagen. Despite initial gains, Nikola's stock price decreased, but still closed 3.4% higher. Nikola recently underwent a reverse stock split to maintain its Nasdaq listing, but investors should remain cautious as the company still faces challenges in securing financial stability. The article advises caution before investing in Nikola.
Source: YAHOO