What's Going On With Nikola Shares Today?
Portfolio Pulse from Nabaparna Bhattacharya
Nikola Corporation (NASDAQ:NKLA) shares are up in premarket trading after a significant drop the previous day. The company announced it produced and wholesaled 43 and 40 Class 8 hydrogen fuel cell electric vehicles, respectively, in Q1 2024 for U.S. customers. Nikola also began returning BEV "2.0" trucks to customers. However, the company has not completed its quarterly review or financial statements for Q1 2024. Earlier, Nikola took legal action against EMBR Motors and individuals involved in a takeover attempt after selling them the Badger electric pickup truck assets.
April 04, 2024 | 1:08 pm
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Nikola Corporation shares are experiencing premarket gains following a production and wholesale announcement for Q1 2024, despite not completing its quarterly financial review.
The premarket gain is likely due to positive investor reaction to the production and wholesale figures for Nikola's hydrogen fuel cell electric vehicles. However, the incomplete financial review for Q1 2024 adds a layer of uncertainty, potentially limiting the upside.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100