The electric semi-truck maker still faces existential challenges.Nikola (NKLA -2.44%), a maker of electric semi-trucks, went public by merging with a special purpose acquisition company (SPAC) in June 2020. Its shares opened at $37.55 and more than doubled to an all-time high of $79.73 a week later. But today, Nikola's stock trades at less than $1.Nikola's investors fled as it broadly missed its own production estimates, its founder and former CEO, Trevor Milton, was convicted of securities and wire fraud i ...

Nikola (NKLA) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this pioneer in zero-emission trucks have returned +2.2%, compared to the Zacks S&P 500 composite's -1.7% change. During this period, the Zacks Automotive - Domestic industry, which Nikola falls in, has lost 4%. The key question now is: What could be the stock's future direction?While media rel ...

Nikola Corp (NASDAQ: NKLA) is in focus today after Bob Lutz – a former executive of the “Big Three” said the EV push happened “too soon and too fast”.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Lutz shares view on the EV pushCopy link to sectionLutz is somewhat dovish on the electric vehicle movement at least for the near term because it’s based mostly on a “colossal amount of hype”. Both media and the government “made it sound like everybody’s ne ...

Nikola (NASDAQ:NKLA) stock is plunging lower by more than 10% after the company filed a proxy statement to document the proposals at its upcoming annual meeting of stockholders. These proposals include a reverse stock split in a range between 1-for-10 and 1-for-30 and reducing authorized common stock to 1 billion from 1.6 billion. The date of the meeting has not yet been confirmed.Nikola also seeks to increase the common stock available for issuance under the Nikola Corporation 2020 Stock Incentive Plan by ...

Nikola (NASDAQ: NKLA) stock price came under strong sell-off pressure this week as it erased some of the gains made in March. It has crashed by 17% in the past five trading days, pushing it below the important support level at $1. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Nikola is beating peers this yearCopy link to sectionStill, Nikola has outperformed other companies in the electric vehicle industry this year. Its stock is down by 1.35% YTD w ...

A new letter to shareholders highlights a brewing boardroom battle.Nikola (NKLA -10.57%) stock was falling by double digits Thursday morning. After plunging as much as 16%, shares of the electric heavy truck maker were still down by 10% as of 10:35 a.m. ET.The drop came after the company chairman filed a proxy statement including a letter to stockholders that highlighted a contentious battle for seats on the company's board of directors. It also follows a recent analyst report that noted several hurdles tha ...

The most recent trading session ended with Nikola (NKLA) standing at $1, reflecting a -0.99% shift from the previouse trading day's closing. This move lagged the S&P 500's daily gain of 0.15%. On the other hand, the Dow registered a loss of 0.02%, and the technology-centric Nasdaq increased by 0.32%.The pioneer in zero-emission trucks's shares have seen an increase of 52.54% over the last month, surpassing the Auto-Tires-Trucks sector's gain of 0.39% and the S&P 500's gain of 1.65%.The upcoming earnings rel ...

The EV stock has caught investors' attention for several reasons.Nikola (NKLA) stock has rebounded dramatically in recent weeks after a muted start to the year. The electric vehicle (EV) stock gained 39.8% value in March alone, according to data provided by S&P Global Market Intelligence.After recalling its battery-electric vehicles (BEVs) last year, Nikola is now focusing on hydrogen fuel cell heavy trucks and has already started producing and delivering them, giving investors a reason to buy the languishi ...

PHOENIX, April 4, 2024 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, today announced it will report its first quarter ended March 31, 2024 financial results and business updates on Tuesday, May 7, 2024. On that day, Nikola's management will hold a conference call and webcast at 10:30 a.m. ET (7:30 a.m. PT) to review and discuss the company's business and outlook. Nikola Corporation He ...

Nikola started delivering hydrogen-powered to U.S. customers in late 2023, the first truckmaker to do so.Nikola Corp.Nikola, the first company to sell hydrogen-powered semis in the U.S., delivered more fuel cell trucks to customers in the year’s first three months than analysts expected and may benefit from tougher U.S. rules for cleaner heavy-duty commercial vehicles, positive developments as it works to shake off a chaotic past. And while its volumes are still small, Nikola is beating Tesla in the heavy t ...