The Latest Breaking News from Nikola Corporation

NKLA’s shares have declined more than 77% over the past year. The company’s revenue missed analyst estimates in the fourth quarter. Since EV sales are expected to remain under pressure this year due to high inflation and economic challenges, it could be wise to avoid fundamentally weak Nikola (NKLA). Keep…

While rising rates have been a significant headwind for the auto industry, the growing EV market and steady consumer spending should support growth. So, investors could consider buying quality auto stock General Motors (GM) this February. However, fundamentally weak Nikola (NKLA) might be best avoided. Continue reading.

While the Fed’s rate hikes and a slowing economy have kept sales under pressure, rising tensions between the US and China might cause further disruptions in the EV industry. Hence, fundamentally weak stocks NIO (NIO), Nikola (NKLA), and Lordstown Motors (RIDE) might be best avoided now. Keep reading.

Supply chain disruptions, mounting economic concerns, and high vehicle prices are all contributing to declining optimism about EV adoption. Hence, it could be wise to avoid fundamentally weak EV stocks NIO Inc. (NIO), Lucid Group (LCID), Nikola (NKLA), and Mullen Automotive (MULN). Read on….

Amid lingering macro headwinds, auto sales dropped month-over-month in November 2022. However, it increased by more than 10% year-over-year. Given the solid long-term prospects of the industry, quality auto stock General Motors (GM) could be an ideal addition to your portfolio. However, fundamentally weak stock Nikola (NKLA) might be best…

Auto stock Nikola (NKLA) beat its revenue estimates for the 2022 third quarter. However, it missed the EPS estimates. Moreover, NKLA reduced its 2022 outlook amid an apparent demand downtrend. The stock has lost more than 75% in 2022 and is trading near its 52-week low of $2.27. So, NKLA…

The EV industry has witnessed stupendous growth over the past few years thanks to technological advancements, growing acceptance, and government incentives. However, the industry has been plagued by high inflation, supply chain disruptions, rising raw material costs, and the semiconductor chip shortage. Given these factors, investors should stay away from…

Nikola Corporation (NASDAQ: NKLA) was surging about 15% higher on Monday. The sharp rise caused the stock to break up from a sideways pattern under which Nikola had been trading since Oct. 10.

High inflation, semiconductor chip shortage, and supply-chain bottlenecks have caused substantial challenges for electric vehicle (EV) makers this year. Moreover, the industry continues to battle production issues despite the increased demand. Given the headwinds, we think it may be prudent to avoid fundamentally-weak EV stocks Rivian Automotive (RIVN), NIO Inc.…

Despite growing EV demand and supportive government policies, the industry has been struggling with numerous challenges, including supply chain issues, chip shortages, material inflation, and inadequate charging infrastructure. So, considering the headwinds, we think it could be wise to avoid fundamentally weak EV stocks Lucid (LCID), Nikola (NKLA), Faraday Future…

Nikola Corporation has to recall 2022 Nikola Tre electric semi trucks, because the seat belt shoulder anchorage assembly may have been improperly installed.