What's Going On With Nikola Corporation Stock Today?
Portfolio Pulse from Erica Kollmann
Nikola Corporation (NASDAQ:NKLA) shares are trading lower, continuing a downward trend that has seen the stock lose over 50% in the last three months. The company is facing challenges including ongoing repairs and a halt in deliveries of its battery electric vehicles (BEV) due to a voluntary recall after a defective component caused several vehicle fires. Nikola is set to release its Q3 financial results on Nov. 2.
October 17, 2023 | 4:48 pm
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NEGATIVE IMPACT
Nikola Corporation's stock is facing a downward trend due to ongoing repairs and a halt in BEV deliveries. The company's Q3 financial results, due on Nov. 2, could further impact the stock.
The ongoing repairs and halt in deliveries due to a recall are negatively impacting Nikola Corporation's stock. The upcoming Q3 financial results could provide further insight into the company's financial health and potentially influence the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100