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Nikola shares surge 20% after company delivers its first EV truck, says more to come
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cnbc.comIn this article
Nikola shares jumped 20% on Thursday after theelectric truck maker completed delivery of its first vehicle.
The surge in the stock came a day after the company announced on Twitter that its first customer delivery is done, signaling more to come.
Earlier this week, Nikola said it agreed to pay the Securities and Exchange Commission $125 million to settle charges it defrauded investors by misleading them about its products, technical capacity and business prospects.
The SEC said Nikola is responsible for misleading claims made by the company's founder and former chief executive officer, Trevor Milton. He pleaded not guilty to fraud charges brought by the Justice Department in July.
Nikola went public in June 2020 by merging
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