Nikola stock continued to climb sharply Friday after management addressed investor concerns and revealed the company should begin delivering its hydrogen-fuel-cell electric trucks in late September and early October.
The stocks decline followed a handful of concerning news for investors, including management transitions and recent truck recalls. “We want you all to be aware that the battery-electric truck recall does not affect the production or deliveries of the fuel-cell electric vehicle since it uses a different battery pack from a different supplier,” Girsky said.
The stock surge today comes following the first-ever partial strike against each of the Big Three auto makers from the United Auto Workers union, which does not impact Nikola.
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