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Why NIO and Nikola Stocks Rose Today, but Churchill Capital IV Dipped

·3 min read
Why NIO and Nikola Stocks Rose Today, but Churchill Capital IV Dipped
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With the market favoring higher-growth -- and riskier -- electric vehicle (EV) names Wednesday, two high-profile stocks gained ground. Shares of Chinese EV maker NIO (NYSE: NIO) and aspiring electric semi-truck maker Nikola (NASDAQ: NKLA) closed the session up 6% and 3.9%, respectively. There was no company-specific news out from either NIO or Nikola Wednesday, but both have been making progress on plans to grow their respective businesses.