https://wccftech.com/nikola-nkla-blazing-a-scorching-path-to-new-all-time-highs-after-having-doubled-yesterday/

Nikola (NASDAQ:NKLA), a relatively new entrant in the market for electric trucks, has embarked on a record-breaking bull run since its debut on the NASDAQ index last week under a new ticker symbol. However, the ferocity of this rally has also given rise to questions regarding its sustainability. Let’s try to distill facts from the prevailing sentiment.

As we recently reported, the merger between VectoIQ and Nikola Motors achieved closure on the 3rd of June, prompting a debut of Nikola’s shares on the NASDAQ under a new ticker symbol. As a result of this deal, Nikola Motors has now become a wholly-owned subsidiary of VectoIQ, with the combined entity adopting the name Nikola Corporation.