Nikola Corp. Leads PRISM Indexes in Intraday Trading Volume
Nikola Corporation (NKLA) led the PRISM Indexes today with 93, 258 shares changing hands in intraday trading. The company’s stock has fallen in recent weeks due to pressures facing the electric vehicle market.
The automaker, which focuses on the development of electric and hydrogen fuel-cell vehicles, is in the early stages of shaping its semi-truck manufacturing business, which it markets purely to commercial customers.
Although the company’s shares surged more than 100% in August and September, analysts do not believe Nikola has demonstrated it is on track to achieve sustainable growth or profitability. In Q2 2023, the company reported $15.4 million in sales offset by an operating loss of $169 million.
Nikola will report its Q3 results on November 2 and investors will be watching.
About Nikola Corporation
Nikola Corporation’s mission is clear: pioneering solutions for a zero-emissions world. As an integrated truck and energy company, Nikola is transforming commercial transportation, with our Class 8 vehicles, including battery-electric and hydrogen fuel cell electric trucks, and our energy brand, HYLA, driving the advancement of the complete hydrogen refueling ecosystem, covering supply, distribution and dispensing. Nikola headquarters is based in Phoenix, Arizona with a manufacturing facility in Coolidge, Arizona.
