Nikola shares surge as much as 31% after management confirms production targets [CNBC]
Nikola Corporation (NKLA)
Company Research
Source: CNBC
Nikolasaid its production timeline and factory plans remain on trackThe stock soared by as much as 31% earlier in the day, recently trading up by about 16% just before 1 p.m. But the jump does little to dent the stock's recent weakness; shares have tumbled 37% in the last month.Short-selling firm Hindenburg Research accused the company of fraud in a scathing report released last month. The findings reportedly kicked off investigations by the Securities and Exchange Commission as well as the Department of Justice and ultimately led to founder and former executive chairman Trevor Milton's exit from the company.Hindenburg's claims sparked doubt among investors that Nikola's previously announced deal with GM would come to fruition.The deal has not yet been finalized, despite initial targets to have it done before this past Wednesday. But the two companies remain in discussion, according to Nikola CEO Mark Russell. The partnership would give the Detroit automaker an 11% stake in the compan
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News
- Here is What to Know Beyond Why Nikola Corporation (NKLA) is a Trending Stock [Yahoo! Finance]Yahoo! Finance
- M&M Residual and Trevor R. Milton Announce Concerns Related to Potential Fraud and Misconduct at Nikola Overseen by Steve Girsky, Britton Worthen and the Board of Directors [Yahoo! Finance]Yahoo! Finance
- M&M Residual and Trevor R. Milton Announce Concerns Related to Potential Fraud and Misconduct at Nikola Overseen by Steve Girsky, Britton Worthen and the Board of DirectorsBusiness Wire
- Nikola (NKLA) Stock Dips While Market Gains: Key Facts [Yahoo! Finance]Yahoo! Finance
- Nikola Co. (NASDAQ: NKLA) is now covered by analysts at Wolfe Research. They set a "peer perform" rating on the stock.MarketBeat
NKLA
Earnings
- 2/22/24 - Beat
NKLA
Sec Filings
- 4/12/24 - Form PRER14A
- 4/10/24 - Form PREC14A
- 4/4/24 - Form 8-K
- NKLA's page on the SEC website