Nikola (NKLA) Stock Surges 10% on Q2 Delivery Beat

Additionally, NKLA stock — along with other players in the electric vehicle (EV) ecosystem — suffered from high interest rates. The rise in borrowing costs strained consumer budgets, leading to reduced sector demand. Even with today's pop, NKLA lost about 66% of its market value since the start of this year. Interestingly, though, NKLA stock carries a consensus moderate buy rating among Wall Street analysts. Last month, Nikola announced a 1-for-30 reverse stock split to regain listing rule compliance. Embat ...