InvestorPlace
Why Nikola Stock Has Nearly Doubled in Recent Weeks
Nikola (NASDAQ:NKLA) is a poster child for the special purpose acquisition company (SPAC) boom and bust of the past year. Nikola rose to prominence in 2020. Investors hoped that Nikola, powered by its charismatic founder, Trevor Milton, could become the next Tesla (NASDAQ:TSLA). For awhile, NKLA stock soared as Milton’s pitch gained more and more attention. Source: Stephanie L Sanchez / Shutterstock.com Unlike Tesla and Elon Musk, however, Milton couldn’t keep the hype machine going indefinitely
