Why Nikola Stock Jumped, Then Dropped Today

Howard Smith, The Motley Fool
·2 min read
Why Nikola Stock Jumped, Then Dropped Today

Shares of Nikola (NASDAQ: NKLA) were up more than 5% Tuesday morning before giving up some of those gains. Last week, the DOE announced $160 million in funding "to develop technologies for the production, transport, storage, and utilization of fossil-based hydrogen, with progress toward net-zero carbon emissions."