What's Going On With Nikola Corporation Stock Today?
Portfolio Pulse from Erica Kollmann
Nikola Corporation's shares are trading lower, with a decrease of over 18% in the last five days. This comes despite the recent launch of its hydrogen fuel cell electric vehicle. Meanwhile, Tesla and Rivian reported their Q3 vehicle production figures, with Tesla's production down from Q2 and Rivian's in line with expectations. 20.35% of available NKLA shares are being sold short.
October 05, 2023 | 3:21 pm
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NEUTRAL IMPACT
Rivian reported its Q3 vehicle production figures, which were in line with expectations.
Rivian's Q3 production figures were as expected, which suggests that the company is on track with its production goals. This is unlikely to have a significant impact on the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Nikola Corporation's shares are trading lower, with a decrease of over 18% in the last five days. The company recently launched its hydrogen fuel cell electric vehicle. 20.35% of available NKLA shares are being sold short.
Despite the launch of its new vehicle, Nikola Corporation's shares are trading lower. This could be due to market sentiment or other factors not mentioned in the article. The fact that 20.35% of available NKLA shares are being sold short indicates a bearish sentiment among investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Tesla reported its Q3 vehicle production figures, with production down from the second quarter.
Tesla's lower production in Q3 compared to Q2 could potentially impact the company's revenues and profitability, which may negatively affect the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50