Why Nikola Stock Moved Higher Wednesday

Why Nikola Stock Moved Higher Wednesday

Electric vehicle start-up Nikola (NASDAQ: NKLA) has taken criticism over the last year for being all talk and hype, without hard evidence that its plans will pan out. Today, investors are giving the company credit after it announced an investment to help move its hydrogen fuel ambitions forward. Nikola shares were 8% higher early in Wednesday's session before paring those gains to 5% as of 10:45 a.m. EDT.