Nikola Stock News

The air has come out of the electric vehicle bubble, and Nikola's share price has come down with it.

Futures Surge On Beijing Market Rescue, Ukraine Ceasefire Hopes As Fed Rate Hike Looms Normally, the first rate hike in more than four years meant to spark a "shallow" recession and destroy commodity demand would not be viewed positively by markets (unless it leads to another mega QE, which it will), but today is an exception with global stocks and US futures surging after the Kremlin hinted at progress in peace talks with Ukraine, adding to positive sentiment stoked by China’s vow to stabilize its battered markets which sent Hong Kong stocks soaring by the most on record. At 730am, S&P futures are up 1.3%, with Nasdaq futs +1.8% outperforming amid overnight tech action, influencing European sectors, on the back of China''s jawboning stocks higher and constructive commentary from Ukraine''s Zelensky and Russia''s Lavrov. European bourses are also firmer across the board, Euro Stoxx 50 +3.3%, after a firmer handover from the Asia session and on geopolitical optimism. Treasuries were steady and the dollar slipped ahead of the Federal Reserve rates decision.

Nikola said the increase – from 600 million to 800 million shares – is in the "best interests" of the Company and its shareholders.

This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Nikola Corp. will ask shareholders to dilute their holdings in the startup electric truck manufacturer by authorizing 200 million new shares, proceeds from which could scale electric truck operations or fight off a hostile takeover attempt. The putative poison pill defense could ward off acquirers aware that Nikola shares are cheap, closing Friday at $7.52 after touching $93 in the days after its SPAC merger in June 2020. Allegations of fraud , which led Nikola to agree to pay a $125 million fine to the Securities and Exchange Commission and are at the heart of criminal charges against founder and former Executive Chairman Trevor Milton, contributed to a long share price decline. The company, which also said it could use stock sale proceeds for acquisitions, said it knows of no current takeover threats. Capital raising clue The proposal for Nikola''s June 1 annual meeting is the strongest signal yet of how the company plans to raise money needed to scale production of its battery-electric and fuel cell-electric Class 8 trucks and finish building a $600 million greenfield plant in Coolidge, Arizona.

A midnight earnings report from Ballard Power weighs on the share prices of its fuel cell peers.

Nikola said the increase – from 600 million to 800 million shares – is in the "best interests" of the Company and its shareholders.

A midnight earnings report from Ballard Power weighs on the share prices of its fuel cell peers.

Nikola Corp. will ask shareholders to dilute their holdings in the startup electric truck manufacturer by authorizing 200 million new shares, proceeds from which could scale electric truck operations

Positive progress with the business and macro tailwinds helped the stock recover this week.

Positive progress with the business and macro tailwinds helped the stock recover this week.

Nikola soared in Tuesday trading amid a broad rally in the electric vehicle sector. Read more on Nikola stock.

Higher gas prices mean more consumer interest in electric cars.

Spiking fuel prices are benefiting renewable power companies, particularly EV stocks which have fallen this year.

Higher gas prices mean more consumer interest in electric cars.