Nikola stock has surged in recent weeks. Can it keep going?Electric heavy truck maker Nikola (NKLA 11.39%) pivoted last year to focus on hydrogen-fuel-cell electric vehicles (FCEVs). While the company still plans to produce battery electric heavy trucks for customer orders, its future really depends on the growth of the hydrogen powered trucks.Today, Nikola stock jumped by as much as nearly 16% on news that it produced 43 of the Class 8 FCEVs and sold 40 of them to wholesalers destined for end customers in ...

Nikola's long-awaited fuel cell truck is in production and 40 were delivered in the first quarter.Shares of electric heavy-truck maker Nikola (NKLA 8.90%) were moving higher on Thursday after the company said it produced over 40 of its fuel-cell-powered semitrucks in the first quarter.As of 10:30 a.m. ET, Nikola's shares were up about 10.8% from Wednesday's closing price. Nikola is shipping its fuel cell semitrucksNikola said in a statement that it produced 43 of its hydrogen fuel cell Class 8 semis in the ...

Nikola (NASDAQ:NKLA) stock is up on Thursday after the hydrogen fuel cell electric vehicle (EV) company’s deliveries for the first quarter of 2024 beat out estimates.This saw the company report a total of 40 vehicle deliveries during the quarter. That beat out the consensus estimate of 30 units from four analysts.It’s also worth mentioning that Nikola produced 43 total units during this same time. The company says that the three units that weren’t delivered in Q1 have already been allocated and will be deli ...

PHOENIX, April 4, 2024 /PRNewswire/ -- It was a productive Q1 for Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, as the company produced 43 and wholesaled 40 Class 8 Nikola hydrogen fuel cell electric vehicles. In addition, the Nikola team has commenced the return process for the BEV "2.0" trucks to customers. Nikola Class 8 hydrogen fuel cell electric vehicle "We are on track for a successful 2024 b ...

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. ...