They are both named after inventor Nikola Tesla. They are both aiming to upend the market of predominantly gasoline and diesel-powered cars and trucks with their zero-emission technologies. And their stock prices are surging—but for different reasons. The day on which Tesla's shares hit an all-time high closing price of $949.92 on Monday on record-high China-made Model 3 sales, shares in competitor Nikola more than doubled since their Friday closing price, hitting $73.27 per share after soaring 104 percent on the third day of trading on the NASDAQ. � nikolamotor.com Nikola – founded in 2015 and named after the same man that Tesla used for its name – made its debut on the...
Full ArticleTesla's newest rival is taking the stock market by storm
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