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.