Why Nikola's Stock is Trading Higher Today

Nikola (NASDAQ:NKLA) shares are trading higher amid strength in EV names ahead of Tesla's (NASDAQ:TSLA) earnings.

Tesla's first-quarter earnings are expected after the close today.

Nikola Corp is a designer and manufacturer of battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen fueling station infrastructure.

Nikola was trading 8.58% higher at $12.55 per share at the time of writing. The stock has a 52-week high of $93.99 and a 52-week low of $9.37.

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