Nikola Corporation's stock saw a notable increase on Monday, with shares rising by more than 10% after the company revealed its performance in the second quarter. The surge followed the announcement that Nikola had wholesaled 72 Class 8 hydrogen fuel cell trucks during the quarter, surpassing the company's own projections. CEO Steve Girsky expressed optimism about Nikola's growth in 2024, emphasizing strong wholesale numbers and the addition of new customers such as Walmart Canada. Despite a reverse stock split at the end of June that led to all-time lows for the stock, Nikola's shares have rebounded by over 20% in the past five days, indicating a positive sentiment among investors. However, the stock remains down by 30% over the past month. Investors are advised to consider various factors like their time horizon, unrealized gains, total return, and market dynamics before making decisions about holding or selling NKLA stock. Analyzing indicators like the Relative Strength Index, which currently stands at 47.63 for Nikola, can provide insights into whether the stock is overbought or oversold. Overall, Nikola Corporation's recent performance and the positive outlook shared by its CEO signify potential growth opportunities for the company in the evolving electric vehicle market.