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Nikola soars after delivering two battery-electric trucks

Seeking Alpha2021-12-18

Nikola pops after announcing the deliveries of two Nikola Tre battery-electric vehicle pilot trucks to Total Transportation Services.

Total Transportation Services is described as a prominent port trucking company that is working to expedite zero-emission transportation solutions at the ports of Los Angeles and Long Beach.

Total Transportation Services has a letter of intent for 100 zero-emission trucks beginning with a four-truck pilot of two BEVs and two FCEVs.

Even with today's bounce higher, Nikola (NASDAQ:NKLA) still trades below its 50-day, 100-day and 200-day moving averages.

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