Topics

Posted 9/29/2023, 10:56:56 PM

Nikola Stock Rises on Hydrogen Truck Production But Remains Far Below Highs After Scandal

Nikola Corp's stock shot up this week after the company started commercial production of its hydrogen fuel cell semitrucks.
The stock is still down 98% from all-time highs despite the gains this week.
Nikola previously saw its stock crash after its founder was found to have faked product videos.
The company has now received 223 orders for its hydrogen trucks but only shipped 76 vehicles last quarter.
Nikola is still losing a lot of money, with negative gross profit and operating losses over $285 million last quarter.

fool.com

Relevant topic timeline:

8/16/2023

EV maker Vinfast still worth more than Ford and GM after stock tanks 19%

Main topic: VinFast's remarkable debut on the Nasdaq public exchange and its ambitious plans to break into the U.S. marketplace. Key points: 1. VinFast's stock price soared 68% on its debut, giving it a valuation of $86 billion, surpassing established automakers like Ford, GM, and Stellantis. 2. Despite a subsequent drop in stock price, VinFast still maintains a market cap ahead of other automakers. 3. VinFast aims to enter the U.S. market by building a $2 billion EV factory in North Carolina and opening showrooms in California and other states. Hint on Elon Musk: Elon Musk is the CEO of Tesla, a prominent electric vehicle manufacturer, and the search for the next Tesla may be driving investor interest in VinFast.

8/16/2023

EV startup VinFast may be worth more than Ford and GM, but there's a catch

Main topic: Shares of VinFast Auto Ltd. have dropped after its Nasdaq debut, but its market capitalization has surpassed that of Ford and GM. Key points: 1. VinFast's shares dropped over 18% on Wednesday and were down nearly 4% in the extended session. 2. VinFast's market capitalization reached nearly $83 billion, surpassing Ford's and GM's market values of around $46 billion each. 3. VinFast is a majority-owned affiliate of Vingroup and plans to invest up to $2 billion in its North Carolina plant to produce 150,000 EVs annually.

8/22/2023

VinFast shares more than double to highest since market debut

Shares of VinFast, a Vietnamese electric vehicle maker, surged over 100% after news broke that South Korea's Star Group Industrial plans to open a factory in Vietnam, boosting market capitalization to $95 billion.

9/5/2023

Tesla stock bounces, needs a further 2.8% rally to surpass the bull-market threshold

Shares of Tesla Inc. rose 2.7% to buck the trend of weakness in the electric vehicle market, as the stock looks to rally over 20% above its recent low.

9/11/2023

Tesla Stock Surges 10% on Morgan Stanley Upgrade and Bullish Forecast for Dojo Supercomputer

Tesla stock surged 10% and added over $70 billion to its market value after Morgan Stanley upgraded it and highlighted the potential value of its Dojo supercomputer, which could drive a 50% increase in the company's stock upside.

9/15/2023

Nikola Stock Rises as Company Details Truck Production Timeline

Nikola stock is soaring as management addresses investor concerns and announces plans to start delivering hydrogen-fuel-cell electric trucks in late September.

9/18/2023

Nikola Stock Jumps 25% as New COO Named from Tesla

Nikola stock surges by 25% after the electric truck start-up reveals its new Chief Operating Officer.

10/4/2023

Tesla Stock Jumps 5% as New Cheaper Model Y Variant Launches, Cybertruck Deliveries Expected Soon

Tesla stock surged 5.2% and cleared its 50-day line after investors showed optimism for a fourth-quarter rebound in deliveries and the launch of the Cybertruck, despite analysts cutting third-quarter EPS estimates ahead of Tesla's Q3 earnings.

10/20/2023

Tesla Shares Drop on Margin and Growth Concerns; Medicare Enrollment Trends; Tech Bond Yields vs Stocks

Tesla's stock was up 79% for the year in 2023, but recent events and price cuts have led to a 15% drop from the previous week and a 24% drop from this year's high in July, affecting the company's profit margins.

10/24/2023

Nikola Stock Rises on Potential Cash From Founder's Fraud Conviction

Nikola stock is surging as the company is potentially set to receive a financial boost from an unexpected funding source.

Topics

Posted 9/29/2023, 10:56:56 PM

Nikola Stock Rises on Hydrogen Truck Production But Remains Far Below Highs After Scandal

Nikola Corp's stock shot up this week after the company started commercial production of its hydrogen fuel cell semitrucks.
The stock is still down 98% from all-time highs despite the gains this week.
Nikola previously saw its stock crash after its founder was found to have faked product videos.
The company has now received 223 orders for its hydrogen trucks but only shipped 76 vehicles last quarter.
Nikola is still losing a lot of money, with negative gross profit and operating losses over $285 million last quarter.

fool.com

Relevant topic timeline:

8/16/2023

EV maker Vinfast still worth more than Ford and GM after stock tanks 19%

8/16/2023

EV startup VinFast may be worth more than Ford and GM, but there's a catch

8/22/2023

VinFast shares more than double to highest since market debut

9/5/2023

Tesla stock bounces, needs a further 2.8% rally to surpass the bull-market threshold

Shares of Tesla Inc. rose 2.7% to buck the trend of weakness in the electric vehicle market, as the stock looks to rally over 20% above its recent low.

9/11/2023

Tesla Stock Surges 10% on Morgan Stanley Upgrade and Bullish Forecast for Dojo Supercomputer

9/15/2023

Nikola Stock Rises as Company Details Truck Production Timeline

Nikola stock is soaring as management addresses investor concerns and announces plans to start delivering hydrogen-fuel-cell electric trucks in late September.

9/18/2023

Nikola Stock Jumps 25% as New COO Named from Tesla

Nikola stock surges by 25% after the electric truck start-up reveals its new Chief Operating Officer.

10/4/2023

Tesla Stock Jumps 5% as New Cheaper Model Y Variant Launches, Cybertruck Deliveries Expected Soon

10/20/2023

Tesla Shares Drop on Margin and Growth Concerns; Medicare Enrollment Trends; Tech Bond Yields vs Stocks

10/24/2023

Nikola Stock Rises on Potential Cash From Founder's Fraud Conviction

Nikola stock is surging as the company is potentially set to receive a financial boost from an unexpected funding source.