Nikola Stock Is Getting Burned Monday: What's Going On?
Portfolio Pulse from Adam Eckert
Nikola Corp's shares are trading lower after one of its trucks, which had caught fire last month, reignited. The company had kept the damaged trucks at its headquarters for safety monitoring and ongoing investigations. Nikola is expected to report a loss of 22 cents per share on revenue of $15.43 million in its Q2 financial results.
July 24, 2023 | 1:05 pm
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NEGATIVE IMPACT
Nikola Corp's stock is trading lower due to a reignited truck fire. The company is also expected to report a Q2 loss.
The news of the reignited truck fire is negative for Nikola Corp as it raises concerns about the safety of their products. This, coupled with the expected Q2 loss, is likely to negatively impact investor sentiment and the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100