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Nikola's stock soared 60% in one day.
Fool.com contributor Parkev Tatevosian highlights the reason for Nikola's (NKLA -5.39%) remarkable single-day price gain and what it could mean for Nikola stock.
*Stock prices used were the afternoon prices of July 12, 2023. The video was published on July 14, 2023.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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