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Why Nikola Inventory Has Practically Doubled in Current Weeks
Nikola (NASDAQ:NKLA) is a poster youngster for the particular function acquisition firm (SPAC) growth and bust of the previous yr. Nikola rose to prominence in 2020. Traders hoped that Nikola, powered by its charismatic founder, Trevor Milton, may turn out to be the following Tesla (NASDAQ:TSLA). For awhile, NKLA inventory soared as Milton’s pitch gained increasingly more consideration. Supply: Stephanie L Sanchez / Shutterstock.com In contrast to Tesla and Elon Musk, nevertheless, Milton couldn’t hold the hype machine going indefinitely
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