Why Nikola Stock Is Moving Higher Monday
Portfolio Pulse from Adam Eckert
Nikola Corp (NASDAQ:NKLA) and Tesla Inc (NASDAQ:TSLA) stocks are trading higher due to strength in clean energy stocks, driven by Tesla's better-than-expected Q2 delivery numbers. Tesla produced 479,700 vehicles in Q2, up from 440,808 in Q1. Tesla's Q2 deliveries were up more than 83% YoY. Nikola shares are up more than 130% over the last month.
July 03, 2023 | 12:45 pm
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Nikola Corp's shares are trading higher due to strength in clean energy stocks, driven by Tesla's better-than-expected Q2 delivery numbers. Nikola shares are up more than 130% over the last month.
Nikola Corp's shares are trading higher due to the overall strength in clean energy stocks, which is being driven by Tesla's better-than-expected Q2 delivery numbers. This positive sentiment in the clean energy sector is likely to continue to drive Nikola's stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Tesla Inc's shares are trading higher due to its better-than-expected Q2 delivery numbers. Tesla produced 479,700 vehicles in Q2, up from 440,808 in Q1. Tesla's Q2 deliveries were up more than 83% YoY.
Tesla's better-than-expected Q2 delivery numbers have led to a positive sentiment around the stock. This, coupled with the overall strength in the clean energy sector, is likely to continue to drive Tesla's stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100