Why Nikola Stock Jumped Almost 30% in May
What happened
The stock of electric truck start-up Nikola(NASDAQ:NKLA) has had a rough past 12 months. A short-seller report accused it of exaggerating its technology and progress in developing its electric semi trucks as well as its hydrogen fueling infrastructure. Hesitant investors walked away, and the stock has dropped 75% since last summer. But as the company began reporting updates on its business, shares jumped more than 29% in the month of May, according to data provided by S&P Global Market…
