Nikola Shares Gain After Adding Five Independent Dealers For Class 8 Truck Sales And Service

Nikola Corp NKLA has added five independent dealers with more than 51 locations across the U.S. for its Class 8 truck sales and service coverage.
The new locations cover Texas, Arizona, California, Colorado, New Mexico, Florida, Delaware, Virginia, and Maryland.
The Nikola dealer network expansion includes HOLT Truck Centers with 7 locations, Empire Truck & Trailer with 7 locations, Wagner Equipment Co with 11 locations, Ring Power with 14 locations, and Carter Machinery with 12 locations.
With the latest addition, the number of Nikola sales and service locations stands at 116 across the U.S.
Price action: NKLA shares are trading higher by 6.12% at $14.74 on the last check Thursday.