Nikola Corporation (NASDAQ:NKLA) shares are trading higher after Walmart Inc. (NYSE:WMT) announced a proof of concept with the company to expand its transportation partnerships to reduce emissions.
Later this summer, Walmart aims to run a battery-electric day cab proof of concept with Freightliner’s eCascadia and Nikola Tre BEV out of a distribution center in Fontana, California.
Nikola Corp is a designer and manufacturer of battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen fueling station infrastructure.
Nikola has traded as high as $19.44 and as low as $4.82 over a 52 week period.
The stock was trading about 11% higher at $7.17 per share at the time of publication.
