Nikola Corp is an innovative company focused on the development and production of electric and hydrogen-powered vehicles, primarily in the commercial transportation sector
It aims to revolutionize the trucking industry by providing sustainable and environmentally-friendly alternatives to traditional fuel-powered trucks. The company is actively engaged in the design of cutting-edge technologies, such as hydrogen fuel cell systems and battery-electric vehicles, while also focusing on building a robust infrastructure for charging and refueling. Through its efforts, Nikola Corp seeks to contribute to a cleaner future by reducing emissions and promoting the adoption of renewable energy solutions within the transportation industry.
Shares of electric vehicle manufacturer Nikola (NASDAQNKLA) fell 21.4% in the afternoon session after rumors swirled about CEO Stephen Girsky's potential departure, fueling fears of an impending bankruptcy. Fred Lambert, editor-in-chief of tech site Electrek, posted on X (formerly Twitter), "the bankruptcy filing is already in the hands of lawyers." As of now, Nikola has not issued an official statement addressing the speculation.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Nikola (NASDAQNKLA) and the best and worst performers in the automobile manufacturing industry.
Billionaire investor Bill Ackman praised Hindenburg Research's contributions to capital markets following the influential short-seller's unexpected closure, highlighting the firm's crucial role in exposing corporate misconduct during its seven-year run.
Nikola shares are trading lower by some 11% over the trailing week to $1.50. The company early Monday announced an Equity Distribution Agreement with BTIG to sell up to $100 million of common stock.
Super Micro Computer, Inc. (NASDAQSMCI) shares are trading higher Thursday after the prominent short-selling firm Hindenburg Research announced its closure.
Hindenburg Research, the influential short-selling firm that rattled global markets with high-profile exposés of companies like Adani Group and Nikola Corp., announced its closure Wednesday after a seven-year run that reshaped modern activist investing.
Nikola has gotten torched over the last six months - since June 2024, its stock price has dropped 89.1% to a new 52-week low of $1.15 per share. This was partly due to its softer quarterly results and may have investors wondering how to approach the situation.
Nikola shares are trading lower by 2.2% during Monday's session. The company earlier announced it entered into an Equity Distribution Agreement with BTIG to sell up to $100 million of its common stock.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how automobile manufacturing stocks fared in Q3, starting with Rivian (NASDAQRIVN).
