Shares of electric truck maker Nikola (NKLA -2.91%) had been on a roll over the last month, but those gains hit a wall today. The stock has rocketed more than 30% higher since early March, and that includes a big drop today.After dropping as much as 16.5% Tuesday morning, Nikola shares were still lower by 4.5% as of 11:25 a.m. ET. Some of that decline came as many electric vehicle (EV) sector stocks traded lower. But a fresh lawsuit involving the company's former chairman also is likely weighing on the stoc ...

Nikola (NASDAQ: NKLA) stock price is doing well this year. It has risen nine straight days and is now sitting at its highest level since November 6th last year. Notably, it has jumped by over 18% this year, beating Tesla, which has shed about 30% of its value. Tesla vs Nikola stock chart Nikola is making some progress Copy link to section Tesla and Nikola are both facing major challenges. Tesla, in particular, is going through major headwinds as demand for electric vehicles slips. Also, the company is strug ...

Ontario-based station marks a significant step forward in establishing comprehensive hydrogen refueling network for Class 8 trucksPHOENIX, March 21, 2024 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, celebrated the grand opening of its inaugural HYLA high-pressure modular refueling station and facility in Southern Calif. The celebration welcomed fleet customers, dealers from Nikola's sal ...

The most recent trading session ended with Nikola (NKLA) standing at $0.63, reflecting a +1.7% shift from the previouse trading day's closing. The stock's performance was ahead of the S&P 500's daily gain of 0.89%. At the same time, the Dow added 1.03%, and the tech-heavy Nasdaq gained 1.25%.The pioneer in zero-emission trucks's shares have seen a decrease of 12.25% over the last month, not keeping up with the Auto-Tires-Trucks sector's loss of 2.46% and the S&P 500's gain of 3.56%.The investment community ...

Nikola (NASDAQ: NKLA) stock price continued its strong downtrend this week as sentiment in the EV industry worsened. It was trading at $0.6370 on Friday, bringing the YTD losses to 27.25%. It has crashed by more than 61% in the past 12 months and by almost 95% since going public.Nikola faces significant dilution risksCopy link to sectionNikola stock price has continued plunging amid more bad news for the EV industry. On Thursday, we reported that Fisker was considering bankruptcy as its cash burn continues. ...

In this video, Motley Fool contributors Jason Hall and Tyler Crowe explain why Nikola (NKLA -6.00%) is loaded with risk now and what makes Stellantis (STLA -0.94%) and Quantumscape (QS -5.10%) better stocks to buy on the future of electric cars.*Stock prices used were from the afternoon of March 12, 2024. The video was published on March 14, 2024. ...

While many pockets of the market are starting to feel like 2021 again (just check out the crypto rally we’re seeing lately), certain previous high-flyers haven’t felt the love to the same degree. Nikola (NASDAQ:NKLA) is one such company struggling to regain optimism. Shares of NKLA stock are down another 6% today and trading firmly at penny-stock levels.Today’s move comes after the company announced its new Chief Financial Officer. Thomas Okray will be taking over the position, which has been managed by Ste ...

Electric vehicles are one of the most exciting trends in the technology space. EVs hold the promise to deliver a great driving experience for consumers while helping the world hit key environmental goals.However, the growth of the EV market will not necessarily be a straight line upward. There are peaks and valleys along the way, and right now the industry is in a downtrend. Between high-interest rates, falling government subsidies in some markets, and rising competition, EV makers are facing price wars and ...

Nikola (NASDAQ: NKLA) stock price has moved sideways in the past few weeks as investors reflected on last month’s results and the company’s outlook. It has constantly remained below $1 and has retreated by over 16% this year. As a result, it has severely underperformed the broader market as the S&P 500 and Nasdaq 100 indices have surged to record highs.Dilution is still possibleCopy link to sectionNikola Corp has been a troubled company for years. It’s founder is expected to report to prison soon while the ...

Experienced CFO primed to take on new opportunities with zero-emissions trucking and hydrogen infrastructure solutions PHOENIX, March 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 the appointment of an accomplished and highly regarded financial executive, Thomas "Tom" B. Okray, who has joined the company's executive team as Chief Financial Officer (CFO). Nikola ...