Tesla competitor Nikola Motors skyrockets 104% after setting reservation date for its electric truck (NKLA, TSLA)

Nikola Corp. soared 104% on Monday after setting a reservation date for its new electric truck, Badger. The zero-emissions vehicle manufacturer plans to open reservations for the Badger on June 29, according to a tweet from Trevor Milton, the founder and chairman of Nikola. Nikola Corp. went public through a reverse merger with VectoIQ Acquisition Corp. last week, and is one of the first pure-play electric-vehicle competitors to Tesla. Visit Business Insider’s homepage for more stories.

Tesla competitor Nikola Corp. skyrocketed as much as 104% on Monday after setting a June 29 reservation date for its