What's Going On With Nikola Corporation Stock Today?
Portfolio Pulse from Henry Khederian
Nikola Corp's stock is trading lower by 4.6% despite no company-specific news. This may be due to the disappointing sales results reported last week, primarily due to a lack of truck production and only 3 truck shipments in the quarter. The company posted a large gross loss of $125.5 million, expanded EBITDA loss of $188.6 million, and an adjusted EPS loss of 30 cents, missing consensus estimates. Nikola also anticipates increased expenses due to a truck recall.
November 07, 2023 | 3:38 pm
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Nikola Corp's stock is trading lower due to disappointing sales results and anticipated increased expenses due to a truck recall.
The stock is trading lower due to the disappointing sales results reported last week and the anticipated increased expenses due to a truck recall. These factors are likely to negatively impact the company's financial performance in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100