Why Nikola Corporation Stock Is Trending
Portfolio Pulse from Erica Kollmann
Nikola Corporation (NASDAQ:NKLA) has announced an agreement with ITD Industries, Inc. to become the first dealer for Nikola Class 8 EV trucks in Canada. ITD will integrate a Nikola showroom and service department into its manufacturing facility in Toronto. Shares of NKLA are up more than 40% since Wednesday on heavy trading volume.
September 15, 2023 | 2:52 pm
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Nikola Corporation's partnership with ITD Industries for expansion into Canada has led to a surge in its stock price.
The news of Nikola Corporation's expansion into Canada through a partnership with ITD Industries has been positively received by the market, leading to a surge in its stock price. This indicates a positive short-term impact on the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100