Nikola Stock Soars. Investor Concerns Addressed and Trucks Ready to Roll Out.

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

United Kingdom United Kingdom Headlines News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

The company revealed deliveries of its hydrogen-fuel-cell electric truck should begin in late September and early October.

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nikola says electric-truck recall has no timeline or cost estimateNikola Chief Executive Steve Girsky said the company can't yet share the timeline or cost estimate for the voluntary recall of 209 of its battery-electric...
Source: MarketWatch - 🏆 3. / 97 Read more »

Nikola to Begin Hydrogen Fuel Cell Truck Deliveries in Late SeptemberBy Ben Glickman Nikola is set to begin selling its hydrogen fuel cell electric trucks at the end of the month, the company's chief executive said. Chief...
Source: MarketWatch - 🏆 3. / 97 Read more »