The electric-truck maker might be an interesting play for speculative investors. Nikola (NKLA -2.67%), a producer of electric semi trucks, saw its market cap hit $28.8 billion as its stock hit its record high of $79.73 on June 9, 2020. But at the time of this writing, it trades at about $0.56 a share with a market cap of $750 million. The stock collapsed after the company missed its own production estimates; its founder and former CEO, Trevor Milton, was convicted of securities and wire fraud; and it recall ...

Nikola (NASDAQ: NKLA) stock price has been stuck at a crucial support level as investors digest the recent financial results. It was trading at $0.567 on Thursday, an important level since it was its lowest level in June last year. It has plummeted by over 36% this year and by over 99% from its highest point on record. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins. Growth at a significant cost Copy link to section Nikola Corporation has done well in ...

Nikola isn't the only stock in the EV sector with high volatility this week. And while new tariffs just announced for Chinese EV imports are directly affecting other U.S.-based EV manufacturing stocks, that shouldn't be the case for heavy truck maker Nikola. While Nikola recently reported updates, the answer likely lies more with the market in general. There is activity in the electric vehicle (EV) sector due to newly announced tariffs on EV imports from China, and there is renewed trading activity in meme ...

Nikola (NKLA) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Over the past month, shares of this pioneer in zero-emission trucks have returned -15.9%, compared to the Zacks S&P 500 composite's +2% change. During this period, the Zacks Automotive - Domestic industry, which Nikola falls in, has remained unchanged. The key question now is: What could be the stock's future directi ...

The electric vehicle industry is struggling, and this company is struggling more than most.The electric vehicle (EV) industry has had quite a few struggles, and one of the biggest individual strugglers has been Nikola (NKLA 0.17%). Beset by a host of troubles, some of its own making, the battery EV (BEV) and fuel cell EV (FCEV) truck maker's shares have fallen into penny stock territory.At the beginning of May, one prognosticator tracking Nikola's stock cut his price target exactly in half. Interestingly, t ...

New Long Beach station advances Nikola's commitment to sustainable transportation solutionsPHOENIX, May 8, 2024 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, proudly announces the opening of its latest HYLA high-pressure modular refueling station and facility in Southern Calif. HYLA refueling station in Southern California Situated near the Port of Long Beach at 2267 W. Gaylord St., ...

Q 1 2 0 2 4 K E Y M E S S A G E S FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of the federal securities laws with respect to Nikola Corporation (the "Company"), including statements relating to: the Company's future financial outlook and future business performance, business plan, focus, strategy and mission; expected timing of completion of production, deliveries and other milestones; expectations regarding the Company's hydrogen refueling solutions; ...

Jeffery Osborne And then the third one is the geography. We're still going to be focused on California and Canada, but we're going to expand our geography, so we've got a bigger total addressable market. So working backwards, total addressable market. A more attractive first deal to get in these big customers to get the flywheel going. I think all three of those are different than has been done in the past. And the way to grade us is to watch the order book. Yes, it's not a number. Two months in that I'm re ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38495 Nikola Corporation (Exact Name of Registrant as Specified in Its Charter) Delaware 82-4151153 (State or other jurisdiction of incorp ...

Nikola (NASDAQ:NKLA) stock is falling hard on Tuesday after the electric vehicle (EV) company reported revenue that was nowhere close to Wall Street’s estimates.Nikola’s Q1 earnings report includes revenue of $7.5 million. That’s a far cry from the $15.79 million in revenue that Wall Street was hoping for during the quarter. It’s also a drop from the $10.68 million reported in the same period of the year prior.It’s worth noting that this drags down NKLA stock today despite the company’s adjusted EPS of -9 c ...