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Nikola Corporation (NKLA)
- Motley Fool
Why Canoo, Nikola, and Lordstown Motors Are Falling Today
Shares of electric vehicle companies Canoo (NASDAQ: GOEV), Nikola (NASDAQ: NKLA), and Lordstown Motors (NASDAQ: RIDE) were tumbling today after an analyst made comments yesterday indicating that price drops for EVs could be the new normal. EV stock investors may also be on edge as the Federal Reserve meets today to decide on how it will proceed with interest rate increases to fight inflation. As a result of all of this news, Canoo's shares were down 6.1%, Nikola had fallen 3.7%, and Lordstown's stock dropped 5.3% as of 11:32 a.m. ET.
- Barrons.com
Nikola Stock Hits New Low. The Reason Is a Surprise.
Doubts raised as a result of a Delaware Court of Chancery decision regarding another company seem to be behind the EV stock's slide.
- MarketWatch
Nikola to move battery production to Arizona ahead of schedule
MARKET PULSE Nikola Corp. (NKLA) said late Thursday it is moving its battery manufacturing from Cypress, Calif., to its Coolidge, Ariz., plant, with the move expected to be completed by April and “months ahead of the original schedule.
