What's Going On With Nikola Corporation Stock Today?

Nikola Corporation NKLA shares are trading lower Tuesday on continued downward momentum. NKLA shares have fallen more than 20% over the last five days.

What To Know:

Nikola shares have lost more than 50% over the last three months and continue to trend downward as the company faces various headwinds. 

Nikola faces ongoing repairs and a halt in deliveries of its battery electric vehicles (BEV). The company issued a voluntary recall and halt of deliveries after a defective component was determined to be the cause of several vehicle fires. 

Nikola Corporation is set to release its third-quarter financial results on Nov. 2  and Nikola's management will hold a conference call and webcast at 10:30 a.m. ET the same day. 

In an effort to augment engagement and communication with investors, Nikola will utilize a Q&A platform to allow verified retail and institutional investors to submit and upvote questions to be answered during the earnings call and webcast. 

The question submission platform will open on Oct. 25 at 10:00 a.m. ET and close on Nov. 1 at 10:00 a.m. ET. 

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NKLA Price Action: According to Benzinga Pro, Nikola Corporation shares are down by nearly 7%  at $1.14 at the time of publication.

Image: Courtesy of Nikola Corporation