What's Going On With Nikola Stock?
Portfolio Pulse from Henry Khederian
Shares of Nikola Corp (NASDAQ:NKLA) are trading lower by 6.9% due to another truck fire incident that occurred on Friday. This is the second fire involving the company's vehicles this week and the fourth this year. The incident occurred during a battery fire investigation and testing. No injuries were reported as the pre-production truck was located outdoors.
September 12, 2023 | 4:03 pm
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NEGATIVE IMPACT
Nikola Corp's stock is trading lower due to repeated fire incidents involving their trucks. This negative news could continue to impact the company's stock price in the short term.
The repeated fire incidents involving Nikola Corp's trucks are a significant concern for investors, as they indicate potential product quality and safety issues. This negative news is likely to continue to put downward pressure on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100