Why Nikola Stock Popped by Nearly 5% Today

·2-min read
Why Nikola Stock Popped by Nearly 5% Today

Judge James Donato of the United States District Court for the Northern District of California issued a fresh order in a lawsuit Nikola filed in 2018 against fellow EV maker Tesla (NASDAQ: TSLA). The judge is allowing the case to go forward, after Nikola responded to an earlier ruling that the company show cause as to why it should continue. The company did so, and as a result Donato's new order stipulates that the case will not be dismissed.

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