NKLA +.97 to 10.11 after announcing that it has begun production of EV trucks .... maybe the bottom has been put in for this stock ? It was all the rage back in 2020 when it got near $100.
DJN -
Shares of Nikola were rising sharply in premarket trading Thursday after
the company confirmed that production has begun on its battery-electric
commercial truck, the Tre.
Nikola (NKLA) stock was up 11% to $10.15. The startup said production
began this week at its factory in Coolidge, Arizona.
The company made the announcement at an analysts' presentation on
Wednesday. Nikola is scheduled to hold an investor day Thursday beginning at
4:15 p.m. Eastern time.
"We are laser-focused on delivering vehicles and generating revenue as
the global leader in zero-emission transportation and energy infrastructure
solutions," a spokesperson told MarketWatch.
Nikola said in late February, in conjunction with the release of its
fourth-quarter earnings, that it that it anticipated "beginning series
production of the Tre BEV on March 21."
The company previously has said that it plans to build 300 to 500 trucks
in 2022.
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