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Wednesday, January 19, 2022 10:50:21 AM
Nikola removed an overhang on the shares in December by agreeing to pay $125 million to settle civil fraud charges with the SEC, without admitting or denying the agency’s findings. Later that month, Nikola posted a photo of its first customer delivery and promised more were on the way. In January, Nikola announced that it had an agreement to sell an initial 10 electric trucks to USA Truck ( USAK ) in a deal that gives the trucking company and broker an option to buy 90 more vehicles. The news sent shares higher.
I can only provide my own speculation and theories. Everything I post is my own opinion. DO YOUR OWN DD!
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