Auto industry disruptor Nikola (NKLA) will report 2Q earnings today after the bell. In yesterday’s tech rally, the electric heavy-truck maker surged by 22%.Was the surge in anticipation of a “home run” report? Hardly. In fact, results wise there will be very little to tell investors, as Nikola has no product yet and isn’t expected to have anything to sell until the second half of next year at the earliest.However, there were several reasons for the rally. One was a note to investors from Deutsche Bank, in which analyst Emmanuel Rosner added the company to its short-term Catalyst Call Buy …read more
Source:: Yahoo Finance
