The Latest Breaking News from NKLA

Automobile demand is expected to bounce back this year after a disappointing 2022. The rapid switch from ICE vehicles to electric vehicles will likely drive the growth of General Motors (GM) and Nikola (NKLA). Let’s compare these two stocks' fundamentals to identify which is a better buy now.

Despite Nikola's (NKLA) efforts to leave its troubled history behind and aim for profitability, the latest events and fundamental factors indicate that there is still a significant journey ahead. Read on….

NKLA’s shares have declined more than 77% over the past year. The company’s revenue missed analyst estimates in the fourth quarter. Since EV sales are expected to remain under pressure this year due to high inflation and economic challenges, it could be wise to avoid fundamentally weak Nikola (NKLA). Keep…

While rising rates have been a significant headwind for the auto industry, the growing EV market and steady consumer spending should support growth. So, investors could consider buying quality auto stock General Motors (GM) this February. However, fundamentally weak Nikola (NKLA) might be best avoided. Continue reading.

While the Fed’s rate hikes and a slowing economy have kept sales under pressure, rising tensions between the US and China might cause further disruptions in the EV industry. Hence, fundamentally weak stocks NIO (NIO), Nikola (NKLA), and Lordstown Motors (RIDE) might be best avoided now. Keep reading.

Supply chain disruptions, mounting economic concerns, and high vehicle prices are all contributing to declining optimism about EV adoption. Hence, it could be wise to avoid fundamentally weak EV stocks NIO Inc. (NIO), Lucid Group (LCID), Nikola (NKLA), and Mullen Automotive (MULN). Read on….

Amid lingering macro headwinds, auto sales dropped month-over-month in November 2022. However, it increased by more than 10% year-over-year. Given the solid long-term prospects of the industry, quality auto stock General Motors (GM) could be an ideal addition to your portfolio. However, fundamentally weak stock Nikola (NKLA) might be best…

Auto stock Nikola (NKLA) beat its revenue estimates for the 2022 third quarter. However, it missed the EPS estimates. Moreover, NKLA reduced its 2022 outlook amid an apparent demand downtrend. The stock has lost more than 75% in 2022 and is trading near its 52-week low of $2.27. So, NKLA…

The EV industry has witnessed stupendous growth over the past few years thanks to technological advancements, growing acceptance, and government incentives. However, the industry has been plagued by high inflation, supply chain disruptions, rising raw material costs, and the semiconductor chip shortage. Given these factors, investors should stay away from…

Nikola earnings easily beat estimates as EV deliveries rose but the startup warned on headwinds. NKLA stock plunged.

Someone with a lot of money to spend has taken a bearish stance on Nikola (NASDAQ:NKLA). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.