Tesla stock surged 10% after a Morgan Stanley analyst upgrade highlighted the potential of the company's artificial intelligence capabilities and software and services revenue.
Nikola's shares surged after the CEO's forum addressed key business topics and the company's plans to begin delivering its hydrogen trucks.
Nikola stock is soaring as management addresses investor concerns and announces plans to start delivering hydrogen-fuel-cell electric trucks in late September.
Shares of Nikola Corp. surged 36% this week as the hydrogen fuel cell company finally entered commercial production for its semitrucks, although the stock is still down 98% from all-time highs following a scandal involving the company's founder.