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Nkla

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finance1 year ago•1 min saved

"Nikola's Rollercoaster Ride: Stock Soars Amid Legal Battles and Investor Speculation"

Nikola Corp is taking legal action against EMBR Motors, Dave "Heavy D" Sparks, attorney Cole Cannon, and disgraced founder Trevor Milton for allegedly violating an agreement regarding the sale of Badger electric pickup truck assets. The company claims that despite an agreement barring Milton's involvement, he and others launched a campaign to take over Nikola's board. Meanwhile, Nikola's revenue growth in FY23 was -28.62%, influenced by macroeconomic factors, and investors are advised to monitor economic conditions to gauge the impact on Nikola stock. As a result of these developments, NKLA shares were up 5.77% at $1.10 at the time of publication.

via Benzinga|

#electric-vehicles #finance #legal-action

business2 years ago•3 min saved

Nikola Corp. Faces Delisting Warning and All-Time Low Stock Prices.

Electric vehicle maker Nikola (NKLA) has received a delisting notice from Nasdaq after failing to maintain the minimum $1 price requirement. The company is asking shareholders to vote on Proposal 2, which would let it increase its authorized number of shares and potentially avoid delisting. However, even if the proposal passes, NKLA's ability to demonstrate sustainable growth remains in question, and investors may want to consider other options in the EV space.

via InvestorPlace|

#business #delisting #electric-vehicles