Nikola shares surge as much as 31% after management confirms production targets

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Nikola shares surge as much as 31% after management confirms production targets
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Nikola shares jumped on Thursday following comments from the embattled company's management team.

amid widespread investor anxiety regarding the company's business as well as its planned deal with General Motors.

Short-selling firm Hindenburg Research accused the company of fraud in a scathing report released last month. The findings reportedly kicked off investigations by the Securities and Exchange Commission as well as the Department of Justice and ultimately led to founder and former executive chairman Trevor Milton's exit from the company.

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