Shares of electric-semi start-up Nikola (NKLA 3.96%) were trading lower on Wednesday on dilution concerns after the company announced a plan to redeem its publicly traded warrants by issuing millions of new shares. At 1:30 p.m. EDT, Nikola's shares were trading at $37.21, down about 6.4% from Tuesday's closing price.
What's happening with Nikola's stock?
Apr 01, 2022 · The stock was up 50% in just those two weeks, but some shareholders are starting out April by booking those profits. Nikola shares were …
Is there more room to rise for Nikola's shares?
Dec 20, 2021 · Shares of electric-truck start-up Nikola ( NKLA -2.79% ) were trading lower on Monday amid a broad sell-off triggered by fears of a new round of COVID-related economic disruptions. As of 11:30 a.m....
Why are investors cooling to tech stocks?
Jan 19, 2022 · Shares of the electric semi maker Nikola ( NKLA 3.78% ) are falling again today following a decline of nearly 6% yesterday. There wasn't any company-specific news released today, but investors may...
Who owns lucid group and Nikola Corporation?
17 hours ago · Shares of several EV makers took it on the chin Tuesday morning. The stocks of Lucid Group ( LCID -8.51%) and Nikola ( NKLA -4.71%) are trading lower by 6.8% and 4.9%, respectively, as of 12:28 p ...
Why is Nikola stock so low?
Shares of electric-semi maker Nikola ( NKLA -2.37% ) were trading lower on Tuesday, amid a broad sell-off of technology stocks that was likely triggered by rising government-bond yields. As of 3 p.m. ET, Nikola's shares were trading down about 5.8% from Friday's closing price.Jan 18, 2022
Is Nikola stock expected to go up?
Stock Price Forecast The 8 analysts offering 12-month price forecasts for Nikola Corp have a median target of 12.50, with a high estimate of 23.00 and a low estimate of 8.00. The median estimate represents a +57.04% increase from the last price of 7.96.
Why is Nikola stock increasing?
The company said the increase – from 600 million to 800 million shares – is in the “best interests” of the company and its shareholders, according to Nikola's proxy statement filed Friday to the Securities and Exchange Commission.Mar 14, 2022
Who owns the most Nikola stock?
Russell to overtake Milton as biggest shareholder 31, Russell held 11.7% of Nikola's stock, or 49,774,487 shares, with options to buy 6.3 million more before May. Shares awarded to the top executives are based on the company achieving stock appreciation milestones set at $25, $40 and $55 a share.Mar 13, 2022
What is the future of Nikola?
Nikola expects to deliver up to 25 Tre BEV (battery electric vehicle) trucks by the end of 2021. In addition, Nikola has begun testing of the Tre FCEV, running on hydrogen fuel cell technology. "FCEV" stands for fuel cell electric vehicle. Nikola's Ulm, Germany-based joint venture factory opened in September.Feb 17, 2022
Is NKLA a buy or sell?
Valuation metrics show that Nikola Corporation may be overvalued. Its Value Score of F indicates it would be a bad pick for value investors. The financial health and growth prospects of NKLA, demonstrate its potential to underperform the market. It currently has a Growth Score of F.
Who owns Nikola?
Trevor MiltonNikola CorporationFormerlyNikola Motor Company (2014–2020; now name of a subsidiary of Nikola Corporation)Net income–$397 million (fiscal year December 2020)Total assets$1.05 billion (fiscal year ended December 2020)Total equity$980 million (fiscal year ended December 2020)OwnerTrevor Milton (20%)14 more rows
How much money did Nikola raise?
The reverse merger enabled Nikola to raise more than $700 million, between a private stock placement and the cash from VectoIQ's trust account, all without having to incur the costs in time and money associated with the IPO process.
What funds hold Nikola?
Top 10 Mutual Funds Holding Nikola CorpMutual fundStakeTotal value ($)iShares Russell 2000 ETF1.24%40,382,319Vanguard Small Cap Index Fund1.23%40,167,131Vanguard Small Cap Growth Index F...0.76%24,970,367Vanguard Extended Market Index Fu...0.65%21,374,5406 more rows
What institutions are buying NIO?
NIO (NYSE:NIO) Institutional Buying and Selling Newbridge Financial Services Group Inc. Masso Torrence Wealth Management Inc. Stratos Wealth Partners LTD. First Heartland Consultants Inc.
Who invested in Nikola?
Nikola Corp. has announced two strategic investors from its prior funding rounds. Bosch and Hanwha have each invested at least $100 million, totaling $230 million. Nikola has also announced the lead investor, CNH Industrial, as part of its $1 billion Series D fundraising plan.
Key Points
Nikola delivered its first four electric semis last week, a major milestone.
NASDAQ: NKLA
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What happened
Shares of electric-truck start-up Nikola ( NKLA -1.98% ) were trading lower on Monday amid a broad sell-off triggered by fears of a new round of COVID-related economic disruptions.
So what
The fast-moving omicron outbreak has traders worried: Nikola, like many other stocks, was down sharply on Monday morning after a weekend that saw new-case counts rise sharply in New York and elsewhere.
NASDAQ: NKLA
But Nikola hit an important milestone on Friday, one that electric-vehicle investors should cheer: It made its first deliveries. The company delivered four of its Tre electric semis — two powered by batteries, two by fuel cells — to a company that operates trucks at the ports of Los Angeles and Long Beach, California.
Now what
Yes, it's just four trucks. But make no mistake, Friday's news was bullish. As CEO Mark Russell said during the handover event, the company had committed to delivering its first trucks in the fourth quarter of 2021 -- and it did so.
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Key Points
Investors continued to sell Nikola's shares as some bond yields hover at two-year highs.
NASDAQ: NKLA
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What happened
Shares of the electric semi maker Nikola ( NKLA 8.64% ) are falling again today following a decline of nearly 6% yesterday. There wasn't any company-specific news released today, but investors may be following a larger trend of selling technology stocks as bond yields rise.
So what
Today's sell-off appears to be a continuation of yesterday's drop. Some Treasury yields rose yesterday to highs not seen in two years, which spurred many investors to sell high-growth tech stocks, including Nikola's.
Now what
Nikola's stock price has been on a wild ride lately and is down 37% over the past six months. There may be more volatility ahead as investors try to figure out if they want to hold on to riskier tech stocks in 2022 while Treasury yields rise.
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Has Nikola successfully countered a short-seller's claims?
John Rosevear is the senior auto specialist for Fool.com. John has been writing about the auto business and investing for over 20 years, and for The Motley Fool since 2007. Follow @john__rosevear
What happened
Shares of electric-truck start-up Nikola ( NASDAQ:NKLA) were down again on Monday, on continued selling pressure in the wake of a hard-hitting report from a short-seller last week.
So what
Nikola's stock has been under pressure since last Thursday, when short-seller Hindenburg Research released a scathing report that accused Nikola of being "an intricate fraud built on dozens of lies." From Wednesday's close through Friday's, the stock lost about 24% of its value.
Now what
Nikola's own response was somewhat less cogently argued, but it's also important to consider. In a nutshell, the company said that most of Hindenburg's allegations relate to events before 2017 or so, and that much progress has been made since.
Where is Nikola made?
It was founded in 2014 in Salt Lake City, Utah. The company is named after inventor Nikola Tesla.
Is Nikola a bullish company?
Nikola is bullish on itself. It seeks to provide zero-emissions transportation and infrastructure solutions. Its potential product lineup includes battery-electric and hydrogen-electric class 8 commercial trucks, off-highway vehicles and watercraft. The problem? This stock was doomed to go down, a lot. The conversations around it are also getting rather bloody.
What happened
Shares of electric-semi start-up Nikola ( NKLA -1.74% ) were trading lower on Wednesday on dilution concerns after the company announced a plan to redeem its publicly traded warrants by issuing millions of new shares.
So what
In a statement on Wednesday morning, Nikola said that it will begin redeeming the 23 million publicly traded warrants issued by the special-purpose acquisition company it merged with in June, VectoIQ Acquisition. Holders have 30 days to redeem the warrants, the company said.
NASDAQ: NKLA
The warrants, issued by VectoIQ in 2018, give holders the right to buy one share of Nikola stock from the company at $11.50, well below the stock's recent price levels.
Now what
This wasn't a surprise -- investors have known about the warrants all along -- so why is the stock trading lower today?
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