Nikola Motor Company Badger pickup truck
Source: Nikola Motor Company
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Nikola — Shares of Nikola soared nearly 18% after JPMorgan hiked its rating on the controversial electric vehicle company to overweight from neutral. The bank said the stock looks attractive for long-term investors after a 40% plunge this month alone. JPMorgan also cited a number of positive drivers for Nikola on the horizon, including partnerships and regulatory reliefs.