Nikola Drives Forward With Test Road Trips Despite Weak Demand, Internal Conflict
Portfolio Pulse from Anan Ashraf
Nikola Corp (NASDAQ:NKLA) completed its second day of test road trips for its hydrogen-powered fuel cell truck and trailer, despite weak demand and an ongoing founder dispute. The company has already started delivering its Tre BEVs, with hydrogen FCEVs expected to begin deliveries in Q4. Nikola is facing a potential delisting from Nasdaq due to its failure to meet minimum stock price requirements.
June 23, 2023 | 12:02 pm
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Nikola Corp faces weak demand and a founder dispute, but continues testing its hydrogen-powered trucks. The company is at risk of being delisted from Nasdaq due to stock price issues.
Nikola Corp is facing weak demand for its products and an ongoing founder dispute, which could negatively impact investor sentiment and the company's stock price. Additionally, the potential delisting from Nasdaq due to failure to meet minimum stock price requirements adds further downward pressure on the stock.
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